Could Crane Co. Rise Even More? The Stock Had Bullish Options Activity

 Could Crane Co. Rise Even More? The Stock Had Bullish Options Activity

In today’s session Crane Co. (CR) registered an unusually high (402) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CR increase. With 402 contracts traded and 8374 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CR161216C00065000 closed last at: $13.4 or 21.8% up. About 60,407 shares traded hands. Crane Co. (NYSE:CR) has risen 32.13% since April 26, 2016 and is uptrending. It has outperformed by 26.87% 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 $57.74M for 18.84 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.

Crane Co. (NYSE:CR) Ratings Coverage

Out of 11 analysts covering Crane (NYSE:CR), 3 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 27% are positive. $70 is the highest target while $46 is the lowest. The $59.83 average target is -19.79% below today’s ($74.59) stock price. Crane has been the topic of 20 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, August 18 by William Blair. Stifel Nicolaus maintained it with “Hold” rating and $69 target price in Wednesday, October 26 report. The firm earned “Sector Perform” rating on Wednesday, January 27 by RBC Capital Markets. The stock of Crane Co. (NYSE:CR) has “Neutral” rating given on Wednesday, April 27 by Susquehanna. On Thursday, October 15 the stock rating was initiated by Avondale with “Market Perform”. The firm has “Neutral” rating by UBS given on Wednesday, April 27. The company was initiated on Thursday, May 26 by Topeka Capital Markets. RBC Capital Markets maintained Crane Co. (NYSE:CR) on Wednesday, October 28 with “Sector Perform” rating. Seaport Global upgraded the stock to “Buy” rating in Thursday, January 21 report. On Friday, July 29 the stock rating was upgraded by Bank of America to “Neutral”.

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 1.39 in Q2 2016. Its up 0.17, from 1.22 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.
Asset has invested 0.14% of its portfolio in Crane Co. (NYSE:CR). Axa holds 0.03% of its portfolio in Crane Co. (NYSE:CR) for 129,200 shares. Whittier Comm Of Nevada Incorporated has invested 0.01% of its portfolio in Crane Co. (NYSE:CR). Great West Life Assurance Can reported 6,587 shares or 0% of all its holdings. Gamco Inc Et Al accumulated 2.83 million shares or 1.06% of the stock. Cubist Systematic Strategies Llc has 0.02% invested in the company for 7,299 shares. Zacks has invested 0.26% of its portfolio in Crane Co. (NYSE:CR). Parametric Portfolio Assocs Ltd, a Washington-based fund reported 170,940 shares. D E Shaw & has invested 0.01% of its portfolio in Crane Co. (NYSE:CR). Da Davidson And Company has 0.01% invested in the company for 3,037 shares. Oakbrook Invs Ltd has 5,081 shares for 0.02% of their US portfolio. Arizona State Retirement owns 20,589 shares or 0.02% of their US portfolio. Foundry Prtn Ltd Liability Co holds 0.6% of its portfolio in Crane Co. (NYSE:CR) for 187,644 shares. Winfield Inc owns 60 shares or 0% of their US portfolio. Tower Capital (Trc) owns 748 shares or 0% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider purchases, and 10 selling transactions for $3.49 million net activity. $651,397 worth of Crane Co. (NYSE:CR) was sold by ELLIS BRADLEY. 2,789 shares were sold by TULLIS JAMES L L, worth $190,088. The insider PANTALEONI A D sold $371,460. Craney Thomas J also sold $252,673 worth of Crane Co. (NYSE:CR) on Tuesday, August 9. 1,500 shares were sold by Cook Donald G, worth $101,547. Another trade for 4,000 shares valued at $259,852 was made by BIGELOW E THAYER on Wednesday, August 24. Another trade for 4,000 shares valued at $259,580 was made by LOCHNER PHILIP R on Monday, August 15.

Crane Co. is a diversified manufacturer of engineered industrial products. The company has a market cap of $4.35 billion. The Firm operates in four divisions: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. It has a 17.49 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.

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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