Crane (NYSE:CR)‘s stock had its “hold” rating reissued by Raymond James in a report released on Thursday.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Stifel Nicolaus upped their price target on Crane from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, October 8th. Buckingham Research initiated coverage on Crane in a research report on Monday, December 10th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, ValuEngine lowered Crane from a “hold” rating to a “sell” rating in a research report on Tuesday, December 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Crane has an average rating of “Buy” and a consensus price target of $94.48.

NYSE CR opened at $76.91 on Thursday. Crane has a 12 month low of $67.18 and a 12 month high of $102.65. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 22nd. The conglomerate reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.16. Crane had a return on equity of 23.29% and a net margin of 6.76%. The firm had revenue of $855.80 million for the quarter, compared to analyst estimates of $855.87 million. During the same quarter in the previous year, the company posted $1.13 EPS. The business’s revenue was up 23.0% on a year-over-year basis. Equities research analysts expect that Crane will post 5.89 EPS for the current year.

In related news, VP Kristian Robert Salovaara sold 13,367 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $89.53, for a total transaction of $1,196,747.51. Following the sale, the vice president now owns 34,863 shares in the company, valued at approximately $3,121,284.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James L. L Tullis bought 400 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average price of $90.62 per share, for a total transaction of $36,248.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 20,767 shares of company stock worth $1,885,878. 3.00% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Sageworth Trust Co raised its stake in Crane by 466.7% during the 3rd quarter. Sageworth Trust Co now owns 1,700 shares of the conglomerate’s stock worth $167,000 after buying an additional 1,400 shares during the period. CIBC Asset Management Inc acquired a new position in Crane during the 3rd quarter worth approximately $209,000. Oppenheimer & Co. Inc. acquired a new position in Crane during the 3rd quarter worth approximately $221,000. PEAK6 Investments LLC acquired a new position in Crane during the 3rd quarter worth approximately $224,000. Finally, MML Investors Services LLC acquired a new position in Crane during the 3rd quarter worth approximately $226,000. 70.22% of the stock is currently owned by institutional investors and hedge funds.

About Crane

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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Analyst Recommendations for Crane (NYSE:CR)

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