Crane Co /de/ (CR): Augustus I Dupont , V.P., Gen. Couns. & Sec. of Crane Co /de/ sold 4,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $54.88 per share for a total value of $219,502.41 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Curtis A Jr Baron (Vice President, Controller) sold 5,242 shares at $55.33 per share price.On Jan 29, 2016, Max H Mitchell (CEO) purchased 6,000 shares at $46.10 per share price.Also, On Nov 25, 2015, Edward S Switter (Vice President – Taxes) sold 3,975 shares at $52.57 per share price.On Oct 30, 2015, A D Pantaleoni (VP Envir. Health & Safety) sold 950 shares at $51.70 per share price.
Crane Co.: On Friday, May 20, 2016 heightened volatility was witnessed in Crane Co. which led to swings in the share price. The shares opened for trading at $54.44 and hit $55.08 on the upside , eventually ending the session at $54.96, with a gain of 1.55% or 0.84 points. The heightened volatility saw the trading volume jump to 2,07,456 shares. The 52-week high of the share price is $63.11 and the company has a market cap of $3,204,333 M . The 52-week low of the share price is at $41.68.
On Apr 25, 2016, Crane Co. announced a cash dividend of $0.3300. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 10, 2016.
Company has been under the radar of several Street Analysts.Crane Co. is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 56 from a previous price target of $48 .The Rating was issued on Apr 27, 2016.Crane Co. is Downgraded by UBS to Neutral and the brokerage firm has raised the Price Target to $ 57 from a previous price target of $52 .Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 27, 2016.Crane Co. is Reiterated by Canaccord Genuity to Hold and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $52 .The Rating was issued on Apr 27, 2016.Crane Co. is Downgraded by Seaport Global Securities to Accumulate and the brokerage firm has set the Price Target at $54. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 9, 2016.
Crane Co. (Crane) is a diversified manufacturer of engineered industrial products. The Company operates in four segments: Fluid Handling which is a provider of engineered fluid handling equipment including valves pumps lined pipe and instrumentation for critical performance applications; Payment & Merchandising Technologies which is comprised of Crane Payment Innovations and Merchandising Systems; Aerospace & Electronics which has two groups: the Aerospace Group and the Electronics Group and Engineered Materials which manufactures fiberglass-reinforced plastic panels for the transportation industry RVs and industrial building applications among others. The Companys markets are chemical and pharmaceutical processing oil and gas refining power nuclear building services and utilities automated payment and merchandising aerospace defense electronics recreational vehicle (RV) non-residential construction and transportation.