1,430 Shares in Carpenter Technology Co. (NYSE:CRS) Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new position in shares of Carpenter Technology Co. (NYSE:CRS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,430 shares of the basic materials company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Carpenter Technology by 47.1% in the 3rd quarter. FMR LLC now owns 3,465,295 shares of the basic materials company’s stock valued at $552,992,000 after purchasing an additional 1,108,963 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Carpenter Technology by 1,538.1% during the third quarter. Assenagon Asset Management S.A. now owns 213,391 shares of the basic materials company’s stock worth $34,053,000 after acquiring an additional 200,364 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Carpenter Technology during the third quarter worth about $25,262,000. WCM Investment Management LLC acquired a new stake in Carpenter Technology during the third quarter worth about $18,868,000. Finally, Holocene Advisors LP purchased a new stake in shares of Carpenter Technology during the 3rd quarter worth about $17,337,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Trading Up 0.5 %

CRS opened at $192.19 on Wednesday. The firm’s 50 day moving average is $187.64 and its 200-day moving average is $165.29. The firm has a market capitalization of $9.60 billion, a P/E ratio of 36.26, a P/E/G ratio of 0.92 and a beta of 1.54. Carpenter Technology Co. has a 52-week low of $58.87 and a 52-week high of $213.65. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. Analysts expect that Carpenter Technology Co. will post 6.74 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, January 28th. This represents a $0.80 annualized dividend and a yield of 0.42%. Carpenter Technology’s dividend payout ratio is presently 15.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRS. Benchmark reiterated a “buy” rating and set a $175.00 target price on shares of Carpenter Technology in a report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of Carpenter Technology from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, Carpenter Technology currently has an average rating of “Moderate Buy” and an average target price of $155.50.

Carpenter Technology Company Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts.