The V.P., Gen. Couns. & Sec. of Crane Company (NYSE: CR) is Selling SharesBy Carrie Williams
Following Augustus Dupont’s last CR Sell transaction on August 26, 2016, the stock climbed by 2.6%. In addition to Augustus Dupont, 2 other CR executives reported Sell trades in the last month.
Based on Crane Company’s latest earnings report from June 30, the company posted quarterly revenue of $712.2M and quarterly net profit of $68.2M. In comparison, last year the company earned revenue of $669.9M and had a net profit of $56.9M. The company has a one year high of $69 and a one year low of $41.68. CR’s market cap is $3.97B and the company has a P/E ratio of 15.85.
Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $48.50, reflecting a 39.2% upside.
In the last 30 days, insiders have sold $569.5K worth of CR shares and purchased $76.98K worth of CR shares. The insider sentiment on Crane Company has been negative according to 79 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Crane Co. engages in the manufacture of engineered industrial products. It operates through the following segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment provides highly engineered fluid handling equipment for critical performance applications that require high reliability. The Payment & Merchandising Technologies segment comprises of Crane Payment Innovations and Merchandising Systems. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace and military aerospace and defense markets. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies, truck trailers, with additional applications in commercial and industrial buildings. The company was founded by Richard Teller Crane on July 5, 1855 and is headquartered in Stamford, CT.