Gabelli Funds Reduces $7M in Crane Company ($CR)
Key Points
- Gabelli Funds changed its Crane Company ($CR) stake by 4.5% last quarter, cutting to 716,209 shares worth $147.95 million.
- Wall Street's consensus rating on $CR is Strong Buy and an average price target of $219.67.
- $CR last traded around $206.57.
Gabelli Funds trimmed its position in Crane Company ($CR) by 4.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 716,209 shares of Crane Company after selling 33,736 shares during the quarter. Gabelli Funds's holdings in Crane Company were worth $147.95 million as of its most recent filing.
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About Crane Company
Crane Company, together with its subsidiaries, engages in the manufacture and sale of engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in two segments, Aerospace & Advanced Technologies and Process Flow Technologies. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts for commercial aerospace, as well as the military aerospace, defense, and space markets. This segment also offers pressure sensors for aircraft engine control, aircraft braking systems for commercial aircraft and fighter jets, power conversion solutions for defense, and space applications and lubrication systems. The Process Flow Technologies segment provides process valves and related products, pumps and systems, and commercial valves; valve positioning and control systems, vacuum insulated pipe systems, and valve diagnostic and calibration systems; pumps and systems; and commercial valves. The company was formerly known as Crane Holdings, Co. Crane Company was founded in 1855 and is based in Stamford, Connecticut.
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