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Crane Co. (CR) President & CEO Eric C Fast sells 73,236 Shares

February 03, 2011 | About:
insider

insider

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President & CEO of Crane Co. (CR) Eric C Fast sells 73,236 shares of CR on 02/02/2011 at an average price of $45.23 a share.

Crane Co has a market cap of $2.66 billion; its shares were traded at around $45.45 with a P/E ratio of 17.6 and P/S ratio of 1.2. The dividend yield of Crane Co stocks is 2.1%.

Hedge Fund Gurus that owns CR: Tom Russo of Gardner Russo & Gardner, Steven Cohen of SAC Capital Advisors, Kenneth Fisher of Fisher Asset Management, LLC, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns CR: Mario Gabelli of GAMCO Investors, Mario Gabelli of GAMCO Investors, Pioneer Investments, David Dreman of Dreman Value Management, Chuck Royce of Royce& Associates, Jeremy Grantham of GMO LLC.

This is the annual revenues and earnings per share of CR over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CR.


CEO Recent Trades:


  • Sell: President & CEO Eric C Fast sold 67,821 shares of CR stock on 11/19/2010 at the average price of 38.18. Eric C Fast owns at least 467,693 shares after this. The price of the stock has increased by 19.04% since.



This is the insider trade history vs. stock price of CR. For the complete insider trading history of CR, click here.




Directors and Officers Recent Trades:


  • Sell: VP Corp Strtgy Grp Pres Cntrls Thomas J Perlitz sold 7,000 shares of CR stock on 01/27/2011 at the average price of 44.81. Thomas J Perlitz owns at least 16,519 shares after this. The price of the stock has increased by 1.43% since.

  • Sell: Director James L L Tullis sold 7,000 shares of CR stock on 01/27/2011 at the average price of 44.94. James L L Tullis owns at least 6,725 shares after this. The price of the stock has increased by 1.13% since.

  • Sell: President, Electronics Group David E Bender sold 6,838 shares of CR stock on 01/27/2011 at the average price of 45.08. David E Bender owns at least 7,019 shares after this. The price of the stock has increased by 0.82% since.

  • Sell: Director James L L Tullis sold 4,500 shares of CR stock on 11/30/2010 at the average price of 37.63. James L L Tullis owns at least 11,725 shares after this. The price of the stock has increased by 20.78% since.

  • Sell: V.P. - Human Resources Elise Kopczick sold 20,000 shares of CR stock on 11/22/2010 at the average price of 38.18. Elise Kopczick owns at least 56,682 shares after this. The price of the stock has increased by 19.04% since.



For the complete insider trading history of CR, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.0/5 (11 votes)

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