December 1, 2016 - By Ruchi Gupta · 0 Comments
Crane Co (NYSE:CR) institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.17, from 1.22 in 2016Q1. The ratio improved, as 123 funds started new or increased positions, while 101 cut down and sold their stakes in Crane Co. The funds in our partner’s database now own: 33.45 million shares, down from 37.02 million shares in 2016Q1. Also, the number of funds holding Crane Co in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 25 Reduced: 76 Increased: 91 New Position: 32.
Crane Co. is a diversified manufacturer of engineered industrial products. The company has a market cap of $4.22 billion. The Firm operates in four divisions: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. It has a 17.24 P/E ratio. The Fluid Handling segment is a well-known provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.
The stock decreased 0.35% or $0.26 during the last trading session, hitting $73.49. Crane Co. (NYSE:CR) has risen 31.54% since April 28, 2016 and is uptrending. It has outperformed by 25.61% the S&P500.
Analysts await Crane Co. (NYSE:CR) to report earnings on January, 23. They expect $0.99 earnings per share, down 11.61% or $0.13 from last year’s $1.12 per share. CR’s profit will be $56.85 million for 18.56 P/E if the $0.99 EPS becomes a reality. After $1.07 actual earnings per share reported by Crane Co. for the previous quarter, Wall Street now forecasts -7.48% negative EPS growth.
According to Zacks Investment Research, “Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems, and Controls.”
Snow Capital Management Lp holds 3.51% of its portfolio in Crane Co. for 1.31 million shares. Dean Capital Management owns 27,997 shares or 2.18% of their US portfolio. Moreover, Financial Engines Advisors L.L.C. has 2.14% invested in the company for 44,869 shares. The Ohio-based Dean Investment Associates Llc has invested 2.11% in the stock. Freestone Capital Holdings Llc, a Washington-based fund reported 335,531 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 10 sales for $3.49 million net activity.
Ratings analysis reveals 27% of Crane’s analysts are positive. Out of 11 Wall Street analysts rating Crane, 3 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $46 while the high is $70. The stock’s average target of $59.83 is -18.59% below today’s ($73.49) share price. CR was included in 20 notes of analysts from July 30, 2015. UBS downgraded the stock to “Neutral” rating in Wednesday, April 27 report. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, October 26. The firm earned “Sector Perform” rating on Wednesday, October 28 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, January 21 by Seaport Global. As per Thursday, October 15, the company rating was initiated by Avondale. The stock of Crane Co. (NYSE:CR) has “Buy” rating given on Thursday, May 26 by Topeka Capital Markets. The stock of Crane Co. (NYSE:CR) has “Perform” rating given on Thursday, November 17 by Oppenheimer. The rating was maintained by RBC Capital Markets on Wednesday, January 27 with “Sector Perform”. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, October 26. The firm earned “Neutral” rating on Friday, July 29 by Bank of America.
Crane Co. (Crane), incorporated on April 3, 1985, is a diversified maker of engineered industrial products. The Firm operates in four divisions: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Company’s markets are chemicals, power, gas and oil, aerospace and defense, along with a range of general industrial and consumer related end markets.
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By Ruchi Gupta