Crane Co /de/ (CR) Files Form 4 Insider Selling : Edward S Switter Sells 6,780 Shares

Crane Co /de/ (CR): Edward S Switter , Vice President – Taxes of Crane Co /de/ sold 6,780 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $56.83 per share for a total value of $385,270.78 , 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 23, 2016, Augustus I Dupont (V.P., Gen. Couns. & Sec.) sold 4,000 shares at $54.88 per share price.On May 13, 2016, Curtis A Jr Baron (Vice President, Controller) sold 5,242 shares at $55.33 per share price.Also, On Jan 29, 2016, Max H Mitchell (CEO) purchased 6,000 shares at $46.10 per share price.On Nov 25, 2015, Edward S Switter (Vice President – Taxes) sold 3,975 shares at $52.57 per share price.

Crane Co.: On Wednesday, May 25, 2016 heightened volatility was witnessed in Crane Co. which led to swings in the share price. The shares opened for trading at $56.2 and hit $57.275 on the upside , eventually ending the session at $57.18, with a gain of 2.58% or 1.44 points. The heightened volatility saw the trading volume jump to 2,48,168 shares. The 52-week high of the share price is $62.45 and the company has a market cap of $3,334 M . The 52-week low of the share price is at $41.68.

Crane Co. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Crane Co. is Initiated by Topeka Capital Markets to Buy and the brokerage firm has set the Price Target at $62. The Rating was issued on May 26, 2016.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 Company’s 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.

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