Barclays PLC Buys 16,132 Shares of Carpenter Technology Co. (NYSE:CRS)

Barclays PLC boosted its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,877 shares of the basic materials company’s stock after purchasing an additional 16,132 shares during the quarter. Barclays PLC’s holdings in Carpenter Technology were worth $20,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CRS. Pictet Asset Management Holding SA lifted its position in shares of Carpenter Technology by 14.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,865 shares of the basic materials company’s stock valued at $1,165,000 after buying an additional 877 shares during the last quarter. Tidal Investments LLC lifted its position in Carpenter Technology by 91.9% during the third quarter. Tidal Investments LLC now owns 21,083 shares of the basic materials company’s stock valued at $3,364,000 after acquiring an additional 10,094 shares during the last quarter. Manuka Financial LLC acquired a new stake in Carpenter Technology in the fourth quarter valued at approximately $368,000. Park Avenue Securities LLC purchased a new position in Carpenter Technology in the fourth quarter worth $419,000. Finally, XML Financial LLC increased its position in shares of Carpenter Technology by 215.3% during the fourth quarter. XML Financial LLC now owns 9,460 shares of the basic materials company’s stock worth $1,605,000 after purchasing an additional 6,460 shares in the last quarter. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Stock Down 1.2 %

Shares of CRS stock opened at $170.19 on Friday. Carpenter Technology Co. has a fifty-two week low of $75.73 and a fifty-two week high of $213.66. The firm has a market capitalization of $8.50 billion, a PE ratio of 32.11, a P/E/G ratio of 0.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80. The stock’s 50-day simple moving average is $183.77 and its 200-day simple moving average is $180.82.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings results 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%. Equities analysts expect that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Carpenter Technology’s dividend payout ratio (DPR) is presently 15.09%.

Analyst Ratings Changes

CRS has been the subject of a number of recent analyst reports. BTIG Research set a $230.00 price objective on Carpenter Technology in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Carpenter Technology from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Northcoast Research raised shares of Carpenter Technology from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.17.

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.