Crane (CR) Rating Reiterated by Oppenheimer

100 bills Cash Currency

It improved, as 27 investors sold Crane Co. shares while 78 reduced holdings. Rhumbline Advisers owns 94,106 shares.

Crane Co. has also entered into a commitment letter (the "Commitment Letter") with Wells Fargo Bank, National Association and Wells Fargo Securities, LLC (together, "Wells Fargo") to which Wells Fargo will provide $350 million of debt financing, subject to the terms and conditions thereof. 47 funds opened positions while 115 raised stakes. Profund Advisors LLC increased its position in shares of Crane by 0.6% in the first quarter. Prudential Financial Inc. increased its position in Crane by 69.0% in the 2nd quarter. The firm has "Buy" rating given on Friday, December 2 by Aegis Capital.

Investors sentiment increased to 1.54 in 2017 Q2. Victory Capital Management Inc. grew its holdings in shares of Crane by 50.8% during the 3rd quarter. Palo Capital Inc. now owns 10,729 shares of the conglomerate's stock valued at $803,000 after buying an additional 44 shares during the period. LLC increased its position in Crane by 221.0% during the second quarter.

In related news, Director Philip R. Lochner sold 2,000 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $81.44, for a total transaction of $162,880.00. Following the transaction, the vice president now directly owns 84,116 shares of the company's stock, valued at $7,257,528.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $86.28, for a total transaction of $960,296.40. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,382 shares of the conglomerate's stock valued at $532,000 after buying an additional 40 shares during the period. The disclosure for this sale can be found here.

Institutional investors have recently bought and sold shares of the company. Corporate insiders own 3.10% of the company's stock.

Armed Forces Flag Day celebrated at Raj Bhawan
Over the years, it has become a tradition to commemorate this day as an honour to the soldiers, airmen and sailors of India. In a tweet, Modi said: "Today, on #ArmedForcesFlagDay , officers from the Kendriya Sainik Board pinned the flag on me".

In a report revealed on 6 December, Vertical Research announced that they have made a decision to upgrade shares of Crane (NYSE:CR) stock from a Hold to a Buy. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.96 and a current ratio of 2.66. The stock has a market cap of $4,898.74, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17. Crane has a 52-week low of $67.62 and a 52-week high of $87.32. On Thursday, October 26 the stock rating was upgraded by Seaport Global to "Buy". Crane had a return on equity of 20.70% and a net margin of 4.96%. The business had revenue of $673.40 million for the quarter, compared to analysts' expectations of $655.84 million. The conglomerate reported $1.13 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.10 by $0.03. Royal Bank Of Canada, a Ontario - Canada-based fund reported 1,000 shares.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. This represents a $1.32 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, November 29th. Crane's payout ratio is 64.08%. Oppenheimer reaffirmed a "buy" rating on shares of Crane in a report on Tuesday. The stock has "Accumulate" rating by Seaport Global on Wednesday, March 9. (NYSE:CR) has "Hold" rating given on Wednesday, October 26 by Stifel Nicolaus. Canaccord Genuity reiterated a "buy" rating and issued a $95.00 target price on shares of Crane in a report on Tuesday. (NYSE:CR). Numeric Invsts has 0.09% invested in Crane Co. Finally, Zacks Investment Research raised shares of Crane from a "hold" rating to a "buy" rating and set a $90.00 price target on the stock in a research note on Monday, October 2nd.

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Crane Co, a USA -based industrial conglomerate that supplies payment and merchandising technology to the gaming industry, says it has agreed to a 100-percent buyout of Crane and Co Inc - also known as Crane Currency - for US$800 million on a "cash-free and debt-free basis". The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The companyÂ's Fluid Handling segment provides process valves and related products, such as on/off valves and related products for critical and demanding applications in the chemical, gas and oil, power, non-residential construction, and general industrial end markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

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