Carpenter Technology Co. (NYSE:CRS) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in shares of Carpenter Technology Co. (NYSE:CRS) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 93,400 shares of the basic materials company’s stock after acquiring an additional 1,400 shares during the quarter. Swiss National Bank’s holdings in Carpenter Technology were worth $15,851,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CRS. Victory Capital Management Inc. raised its stake in shares of Carpenter Technology by 54.1% in the third quarter. Victory Capital Management Inc. now owns 23,068 shares of the basic materials company’s stock worth $3,681,000 after purchasing an additional 8,095 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Carpenter Technology during the 3rd quarter worth approximately $571,000. KBC Group NV raised its position in Carpenter Technology by 13.5% during the 3rd quarter. KBC Group NV now owns 1,355 shares of the basic materials company’s stock worth $216,000 after buying an additional 161 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Carpenter Technology during the 3rd quarter valued at approximately $293,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Carpenter Technology in the 3rd quarter valued at $230,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Carpenter Technology Trading Up 5.2 %

CRS stock opened at $190.93 on Thursday. 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 Co. has a 52-week low of $67.24 and a 52-week high of $213.66. The company’s 50-day simple moving average is $194.95 and its 200-day simple moving average is $176.49. The firm has a market cap of $9.54 billion, a P/E ratio of 36.02, a PEG ratio of 0.93 and a beta of 1.55.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. As a group, equities analysts forecast that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Announces Dividend

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

Carpenter Technology 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.