Illinois Municipal Retirement Fund Boosts Stock Position in Carpenter Technology Co. (NYSE:CRS)

Illinois Municipal Retirement Fund boosted its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,204 shares of the basic materials company’s stock after acquiring an additional 1,036 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Carpenter Technology worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Carpenter Technology by 322.5% during the 4th quarter. Fifth Third Bancorp now owns 1,162 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 887 shares during the period. NBC Securities Inc. purchased a new stake in Carpenter Technology during the 3rd quarter valued at about $91,000. Strs Ohio boosted its holdings in Carpenter Technology by 400.0% during the 3rd quarter. Strs Ohio now owns 2,500 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Carpenter Technology during the 3rd quarter valued at about $202,000. Finally, Penobscot Investment Management Company Inc. purchased a new stake in Carpenter Technology during the 3rd quarter valued at about $202,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

Carpenter Technology Trading Up 1.7 %

Shares of CRS stock opened at $81.73 on Friday. The stock has a market capitalization of $4.04 billion, a PE ratio of 28.28 and a beta of 1.56. Carpenter Technology Co. has a 1-year low of $44.40 and a 1-year high of $82.16. The business has a 50-day moving average of $70.46 and a 200 day moving average of $67.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.90 and a quick ratio of 1.26.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. The business had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $669.56 million. As a group, sell-side analysts anticipate that Carpenter Technology Co. will post 3.96 earnings per share for the current year.

Carpenter Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 23rd will be issued a $0.20 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.80 annualized dividend and a yield of 0.98%. This is a boost from Carpenter Technology’s previous quarterly dividend of $0.18. Carpenter Technology’s dividend payout ratio (DPR) is 27.68%.

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.