Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 332 Shares of Carpenter Technology Co. (NYSE:CRS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Carpenter Technology Co. (NYSE:CRS) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,008 shares of the basic materials company’s stock after purchasing an additional 332 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carpenter Technology were worth $1,868,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in Carpenter Technology in the 4th quarter worth $25,000. UMB Bank n.a. lifted its holdings in shares of Carpenter Technology by 169.0% in the fourth quarter. UMB Bank n.a. now owns 304 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Carpenter Technology during the third quarter worth about $80,000. Morse Asset Management Inc bought a new position in shares of Carpenter Technology during the third quarter worth about $84,000. Finally, Fifth Third Bancorp raised its position in Carpenter Technology by 23.5% in the 4th quarter. Fifth Third Bancorp now owns 573 shares of the basic materials company’s stock valued at $97,000 after buying an additional 109 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Price Performance

NYSE:CRS opened at $195.61 on Wednesday. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $195.00 and a 200 day simple moving average of $178.28. Carpenter Technology Co. has a 1-year low of $67.52 and a 1-year high of $213.66. The stock has a market capitalization of $9.77 billion, a PE ratio of 36.91, a P/E/G ratio of 0.93 and a beta of 1.55.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. On average, research analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Friday, February 28th were given a $0.20 dividend. The ex-dividend date was Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Carpenter Technology’s payout ratio is 15.09%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BTIG Research set a $230.00 price target on Carpenter Technology in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.17.

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.