Carpenter Technology Co. (NYSE:CRS) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its holdings in shares of Carpenter Technology Co. (NYSE:CRS) by 43.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 829 shares of the basic materials company’s stock after purchasing an additional 252 shares during the quarter. Jones Financial Companies Lllp’s holdings in Carpenter Technology were worth $141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kestra Investment Management LLC acquired a new stake in Carpenter Technology in the fourth quarter valued at approximately $25,000. UMB Bank n.a. grew its position in 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 acquiring an additional 191 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Carpenter Technology in the third quarter valued at approximately $65,000. Wilmington Savings Fund Society FSB acquired a new stake in Carpenter Technology in the third quarter valued at approximately $80,000. Finally, Morse Asset Management Inc acquired a new stake in Carpenter Technology in the third quarter valued at approximately $84,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carpenter Technology Stock Up 4.2 %

CRS stock opened at $183.76 on Friday. Carpenter Technology Co. has a twelve month low of $65.26 and a twelve month high of $213.66. 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 company has a market capitalization of $9.18 billion, a P/E ratio of 34.67, a PEG ratio of 0.93 and a beta of 1.55. The firm has a 50 day simple moving average of $194.79 and a 200-day simple moving average of $175.59.

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, topping 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%. On average, equities research analysts predict that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, January 28th. Carpenter Technology’s dividend payout ratio (DPR) 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.