The company is up by 1.74% since yesterday’s close of $81.98. Shares are trading at $83.41 slightly over $78.37, the 50 day moving average and a tad higher than the 200 day moving average of $75.51. The 50 day moving average was up $4.67 or +5.9569% and the 200 day average was up $7.53.
Here is the rundown on market activity for Crane Company (NYSE:CR). VP Curtis A. Jr Baron sold 5,364 shares at an average price of $79.60 on Tue the 16th. The VP now owns $1,009,328 of the stock as reported to the SEC. Thomas J. Craney, Group Pres., Eng. Materials sold $309,776 worth of shares at an average price of $74.18 on Tue the 7th. That brings Craney’s holdings to $1,117,299 per an SEC filing yesterday.
VP Kristian Robert Salovaara let go of 15,494 shares at an average price of $74.85 on February 3rd. That brings the VP’s holdings to $1,031,882 as recorded in a recent Form 4 SEC filing.
Crane Co. (Crane), launched on April 3, 1985, 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 Business’s markets are chemicals, power, oil and gas, aerospace and defense, along with a range of general industrial and consumer related end markets..
Here are a few other firms who have also updated their positions. As of the end of the quarter Bank Of Montreal /can/ had disposed of a total of 102 shares trimming its stake by 7.3%. The value in dollars decreased from $105,000 to $103,000 decreasing 1.9% for the reporting period. Capstone Asset Management Co divested its holdings by shedding 670 shares a decrease of 11.2% in the quarter. Capstone Asset Management Co controls 5,329 shares with a value of $423,000. The value of the position overall is down by 5.8%.
As of quarter end Proficio Capital Partners LLC had sold 30 shares trimming its position 3.9%. The value of the investment in CR went from $55,000 to $57,000 a change of 3.6% quarter over quarter. As of quarter end Fny Partners Fund Lp had disposed of a total of 331 shares trimming its holdings by 60.8%. The value of the total investment in Crane Company decreased from $39,000 to $15,000 a change of $24,000 quarter to quarter.
Wolfe Research began coverage of CR giving it an initial rating of “Peer Perform”. On May 16 the company was set at “Buy” in a report from Canaccord Genuity which was a boost from the previous “Hold” rating.
On July 29 the company was upgraded to “Neutral” from “Underperform” in a statement from Bank of America. On May 26, 2016 Topeka Capital added CR to its research portfolio setting a rating of “”.
On April 27 the stock rating was downgraded from “” to “Neutral” with a current price target of $57.00 in a report from UBS. April 27 investment analysts at Susquehanna maintained a company rating of “Neutral” but raised the price target from $50.00 to $57.00.
Additionally Crane Company announced a dividend for shareholders paid on Friday the 9th of June 2017. The dividend payment was $0.330 per share for the quarter or $1.32 annualized. This dividend represents a yeild of $1.61 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 26th of May 2017.
The P/E ratio is currently 37.7298 and market capitalization is 4.94B. As of the latest earnings report the EPS was $2.20 and is estimated to be $4.50 for the current year with 59,507,000 shares now outstanding. Next quarter’s EPS is estimated at $1.14 and the next full year EPS is projected to be $4.98.