Stock Worth Mentioning Today: Will Crane Co. Run Out of Steam Soon?

Stock Worth Mentioning Today: Will Crane Co. Run Out of Steam Soon?

The stock of Crane Co. (NYSE:CR) hit a new 52-week high and has $96.49 target or 39.00% above today’s $69.42 share price. The 5 months bullish chart indicates low risk for the $4.07 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $96.49 price target is reached, the company will be worth $1.59B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 51,032 shares traded hands. Crane Co. (NYSE:CR) has risen 30.27% since April 7, 2016 and is uptrending. It has outperformed by 25.49% the S&P500.

Crane Co. (NYSE:CR) Ratings Coverage

Out of 10 analysts covering Crane (NYSE:CR), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. $70 is the highest target while $46 is the lowest. The $59.83 average target is -13.81% below today’s ($69.42) stock price. Crane has been the topic of 19 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, May 26 by Topeka Capital Markets. Canaccord Genuity maintained it with “Hold” rating and $70 target price in Wednesday, October 26 report. On Tuesday, August 18 the stock rating was initiated by William Blair with “Outperform”. The company was maintained on Wednesday, April 27 by Susquehanna. Seaport Global downgraded the stock to “Accumulate” rating in Wednesday, March 9 report. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, October 26. RBC Capital Markets maintained Crane Co. (NYSE:CR) rating on Wednesday, January 27. RBC Capital Markets has “Sector Perform” rating and $48 price target. The firm has “Neutral” rating by UBS given on Wednesday, April 27. The rating was upgraded by Seaport Global on Thursday, January 21 to “Buy”. The stock of Crane Co. (NYSE:CR) has “Sector Perform” rating given on Wednesday, October 28 by RBC Capital Markets.

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.”

Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.03, from 1.19 in 2016Q1. The ratio increased, as 25 funds sold all Crane Co. shares owned while 76 reduced positions. 32 funds bought stakes while 91 increased positions. They now own 33.45 million shares or 9.63% less from 37.02 million shares in 2016Q1.
Gamco Incorporated Et Al holds 2.83M shares or 1.06% of its portfolio. Adage Prtn Grp Inc Ltd Liability accumulated 0.01% or 60,267 shares. Moreover, Voya Inv Limited Liability Co has 0% invested in Crane Co. (NYSE:CR) for 15,979 shares. Kcg Holdg last reported 0.04% of its portfolio in the stock. Moreover, Buckingham Asset Lc has 0.11% invested in Crane Co. (NYSE:CR) for 5,694 shares. Plante Moran Financial Advsrs Lc reported 2,190 shares or 0.09% of all its holdings. Moreover, Jacobs Levy Equity Management has 0.02% invested in Crane Co. (NYSE:CR) for 19,710 shares. Cantab Cap Prtn Limited Liability Partnership accumulated 5,822 shares or 0% of the stock. Keybank National Association Oh has invested 0.01% of its portfolio in Crane Co. (NYSE:CR). Moreover, Snow Mgmt Ltd Partnership has 3.51% invested in Crane Co. (NYSE:CR) for 1.31 million shares. Wells Fargo Co Mn has 0% invested in the company for 80,381 shares. Pub Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Signaturefd Lc accumulated 20 shares or 0% of the stock. Perkins Capital Management Incorporated last reported 8,200 shares in the company. The Colorado-based Icon Advisers Inc Co has invested 0.02% in Crane Co. (NYSE:CR).

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 11 sales for $3.72 million net activity. BIGELOW E THAYER had sold 4,000 shares worth $259,852. 5,000 shares were sold by PANTALEONI A D, worth $313,712. Craney Thomas J had sold 90 shares worth $5,845. Baron Curtis A JR sold $290,030 worth of stock or 5,242 shares. DUPONT AUGUSTUS I also sold $219,502 worth of Crane Co. (NYSE:CR) shares. Another trade for 10,000 shares valued at $651,397 was sold by ELLIS BRADLEY. Pinkham Louis V. sold $1.08 million worth of Crane Co. (NYSE:CR) on Thursday, August 11.

Another recent and important Crane Co. (NYSE:CR) news was published by Businesswire.com which published an article titled: “Crane Co. Reports Third Quarter Results” on October 24, 2016.

CR Company Profile

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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