Crane Company (NYSE:CR) VP Augustus I. Dupont sold 3,556 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $83.89, for a total transaction of $298,312.84. Following the completion of the transaction, the vice president now owns 80,560 shares in the company, valued at approximately $6,758,178.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 23rd. The conglomerate reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The company had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. Crane had a return on equity of 20.70% and a net margin of 4.96%. Crane’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Thursday, November 30th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, November 29th. Crane’s dividend payout ratio (DPR) is presently 59.19%.

COPYRIGHT VIOLATION NOTICE: “Crane Company (CR) VP Augustus I. Dupont Sells 3,556 Shares” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/crane-company-cr-vp-augustus-i-dupont-sells-3556-shares/1673590.html.

CR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Crane from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Monday, July 17th. BidaskClub upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. ValuEngine upgraded shares of Crane from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Scotiabank restated a “buy” rating on shares of Crane in a report on Tuesday, October 10th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $92.00 target price (up previously from $88.00) on shares of Crane in a report on Wednesday, October 25th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Crane presently has an average rating of “Buy” and a consensus price target of $81.63.

A number of institutional investors have recently made changes to their positions in CR. Legal & General Group Plc grew its position in shares of Crane by 7.8% during the 2nd quarter. Legal & General Group Plc now owns 54,028 shares of the conglomerate’s stock worth $4,288,000 after buying an additional 3,894 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Crane by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 642,497 shares of the conglomerate’s stock worth $51,002,000 after purchasing an additional 11,670 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Crane by 23.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 582,484 shares of the conglomerate’s stock worth $46,237,000 after purchasing an additional 111,581 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Crane during the 2nd quarter worth $204,000. Finally, American Century Companies Inc. lifted its stake in shares of Crane by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 98,750 shares of the conglomerate’s stock worth $7,839,000 after purchasing an additional 29,150 shares during the last quarter. 68.92% of the stock is currently owned by institutional investors.

Crane Company Profile

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

Insider Buying and Selling by Quarter for Crane (NYSE:CR)

Receive News & Ratings for Crane Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane Company and related companies with Analyst Ratings Network's FREE daily email newsletter.