Vertical Research upgraded shares of Crane (NYSE:CR) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Several other equities research analysts also recently weighed in on CR. Wolfe Research raised shares of Crane from a market perform rating to an outperform rating in a research report on Monday, August 14th. Boenning Scattergood reaffirmed a hold rating on shares of Crane in a research report on Monday, October 2nd. BidaskClub downgraded shares of Crane from a buy rating to a hold rating in a research report on Saturday, August 19th. Zacks Investment Research raised shares of Crane from a hold rating to a buy rating and set a $90.00 price objective for the company in a research report on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $84.00 price objective on shares of Crane in a research report on Wednesday, October 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $93.83.

Crane (CR) traded up $3.78 during trading hours on Wednesday, hitting $86.32. 594,400 shares of the company traded hands, compared to its average volume of 316,615. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 1.96. The firm has a market cap of $4,898.74, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. Crane has a 1-year low of $67.62 and a 1-year high of $87.32.

Crane (NYSE:CR) last released its quarterly earnings results on Monday, October 23rd. The conglomerate reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.03. Crane had a net margin of 4.96% and a return on equity of 20.70%. The firm had revenue of $695.90 million for the quarter, compared to the consensus estimate of $679.77 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. equities research analysts forecast that Crane will post 4.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, November 29th. Crane’s dividend payout ratio is presently 59.19%.

In other Crane news, Director James L. L. Tullis sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $81.44, for a total value of $162,880.00. Following the completion of the sale, the director now directly owns 2,110 shares of the company’s stock, valued at $171,838.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Thayer Bigelow sold 1,067 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $82.79, for a total transaction of $88,336.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,403 shares of company stock valued at $1,896,288. Company insiders own 3.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Crane by 115.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,273,069 shares of the conglomerate’s stock valued at $101,056,000 after purchasing an additional 682,934 shares during the period. Prudential Financial Inc. boosted its holdings in Crane by 69.0% in the 2nd quarter. Prudential Financial Inc. now owns 640,052 shares of the conglomerate’s stock valued at $50,807,000 after purchasing an additional 261,354 shares during the period. SG Americas Securities LLC boosted its holdings in Crane by 1,866.9% in the 2nd quarter. SG Americas Securities LLC now owns 275,056 shares of the conglomerate’s stock valued at $21,834,000 after purchasing an additional 261,072 shares during the period. Victory Capital Management Inc. boosted its holdings in Crane by 50.8% in the 3rd quarter. Victory Capital Management Inc. now owns 662,997 shares of the conglomerate’s stock valued at $53,033,000 after purchasing an additional 223,225 shares during the period. Finally, FMR LLC boosted its holdings in Crane by 338.8% in the 2nd quarter. FMR LLC now owns 202,628 shares of the conglomerate’s stock valued at $16,085,000 after purchasing an additional 156,454 shares during the period. 68.36% of the stock is owned by institutional investors.

WARNING: This piece was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://theolympiareport.com/2017/12/07/crane-cr-upgraded-to-buy-by-vertical-research.html.

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.

Analyst Recommendations 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.