Could Crane CO (NYSE:CR) Change Direction After Less Shorts?

Crane Co. (NYSE:CR) Logo

Investors sentiment increased to 1.18 in 2018 Q2. Its up 0.20, from 0.98 in 2018Q1. It improved, as 26 investors sold Crane Co. shares while 94 reduced holdings. 40 funds opened positions while 102 raised stakes. 35.29 million shares or 0.05% more from 35.27 million shares in 2018Q1 were reported.
Montag A And Associate holds 6,975 shares. 21,967 were accumulated by Quantum Mgmt. 19,800 were reported by Td Asset Incorporated. 24,203 were accumulated by Laurion Cap Mngmt Limited Partnership. Engineers Gate Manager Lp invested in 0.1% or 15,342 shares. 119,843 are owned by Gardner Russo Gardner Limited Liability Co. Verition Fund Mngmt Ltd Liability holds 5,952 shares or 0.03% of its portfolio. Reynders Mcveigh Capital Mgmt Lc reported 4,500 shares. World Asset Management invested in 0.01% or 2,504 shares. 300 are held by Sageworth. Renaissance Ltd Liability holds 149,500 shares or 0.02% of its portfolio. Dupont Capital Mngmt has 0.07% invested in Crane Co. (NYSE:CR) for 38,326 shares. Tocqueville Asset Lp accumulated 87,400 shares. Shelton Cap Management owns 3,718 shares for 0.02% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt stated it has 0.04% in Crane Co. (NYSE:CR).

Since July 26, 2018, it had 1 insider purchase, and 5 selling transactions for $2.71 million activity. Curran Brendan had sold 3,000 shares worth $273,220 on Thursday, August 30. 3,000 shares were sold by SALOVAARA KRISTIAN ROBERT, worth $279,255 on Wednesday, November 7. On Thursday, November 8 Pinkham Louis V. sold $409,860 worth of Crane Co. (NYSE:CR) or 4,400 shares. $591,063 worth of Crane Co. (NYSE:CR) shares were sold by Switter Edward S.

The stock of Crane CO (NYSE:CR) registered a decrease of 17.27% in short interest. CR’s total short interest was 744,200 shares in December as published by FINRA. Its down 17.27% from 899,500 shares, reported previously. With 216,400 shares average volume, it will take short sellers 3 days to cover their CR’s short positions. The short interest to Crane CO’s float is 1.47%.

The stock decreased 1.27% or $1.05 during the last trading session, reaching $81.63. About 313,424 shares traded. Crane Co. (NYSE:CR) has risen 24.24% since December 7, 2017 and is uptrending. It has outperformed by 8.62% the S&P500.

Crane Co. manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company has market cap of $4.85 billion. 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. It has a 22.83 P/E ratio. This segment offers its products under the Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, WTA, Deming, Weinman, Burks, and Barnes trade names.

Crane Co. (NYSE:CR) Ratings Coverage

Among 2 analysts covering Crane (NYSE:CR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Crane had 2 analyst reports since August 30, 2018 according to SRatingsIntel. As per Thursday, August 30, the company rating was maintained by UBS. Stifel Nicolaus maintained the shares of CR in report on Monday, October 8 with “Buy” rating.

Crane Co. (NYSE:CR) Institutional Positions Chart

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