Public Employees Retirement System of Ohio Trims Stock Holdings in Crane (NYSE:CR)

Public Employees Retirement System of Ohio cut its holdings in shares of Crane (NYSE:CR) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,259 shares of the conglomerate’s stock after selling 893 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Crane were worth $2,890,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Matrix Trust Co acquired a new stake in Crane during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new stake in shares of Crane in the 3rd quarter valued at approximately $28,000. ORG Wealth Partners LLC acquired a new stake in shares of Crane during the 3rd quarter valued at approximately $30,000. UMB Bank n.a. lifted its stake in Crane by 81.8% during the third quarter. UMB Bank n.a. now owns 220 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 99 shares during the last quarter. Finally, Quarry LP bought a new stake in Crane during the third quarter valued at $37,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CR shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Stifel Nicolaus lowered Crane from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Crane Trading Down 0.4 %

Shares of NYSE:CR opened at $164.34 on Tuesday. Crane has a fifty-two week low of $110.20 and a fifty-two week high of $188.52. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.41 billion, a PE ratio of 36.20, a P/E/G ratio of 1.93 and a beta of 0.93. The company’s 50-day moving average price is $168.32 and its 200 day moving average price is $156.12.

Crane (NYSE:CR) last issued its quarterly earnings data on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.06. Crane had a return on equity of 24.45% and a net margin of 13.10%. The business had revenue of $597.20 million during the quarter, compared to the consensus estimate of $594.45 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Sell-side analysts anticipate that Crane will post 7.87 earnings per share for the current year.

Crane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 29th. Crane’s dividend payout ratio is currently 18.06%.

About Crane

Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.