Robeco Institutional Asset Management B.V. Invests $243,000 in Carpenter Technology Co. (NYSE:CRS)

Robeco Institutional Asset Management B.V. acquired a new stake in Carpenter Technology Co. (NYSE:CRS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,430 shares of the basic materials company's stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SteelPeak Wealth LLC raised its holdings in shares of Carpenter Technology by 25.9% in the fourth quarter. SteelPeak Wealth LLC now owns 3,755 shares of the basic materials company's stock valued at $637,000 after purchasing an additional 773 shares during the last quarter. Pacer Advisors Inc. acquired a new position in Carpenter Technology during the fourth quarter worth $1,233,000. KBC Group NV increased its holdings in Carpenter Technology by 39.8% during the fourth quarter. KBC Group NV now owns 1,894 shares of the basic materials company's stock worth $321,000 after buying an additional 539 shares during the last quarter. Fifth Third Bancorp increased its holdings in Carpenter Technology by 23.5% during the fourth quarter. Fifth Third Bancorp now owns 573 shares of the basic materials company's stock worth $97,000 after buying an additional 109 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in Carpenter Technology during the fourth quarter worth $822,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Carpenter Technology from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Benchmark restated a "buy" rating and set a $175.00 target price on shares of Carpenter Technology in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Carpenter Technology has a consensus rating of "Moderate Buy" and an average target price of $155.50.

Carpenter Technology Stock Performance

Shares of NYSE:CRS traded down $2.16 on Friday, hitting $187.93. The company had a trading volume of 454,264 shares, compared to its average volume of 711,263. Carpenter Technology Co. has a 1-year low of $60.65 and a 1-year high of $213.65. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 0.88 and a beta of 1.54. The stock has a 50 day moving average price of $187.40 and a 200 day moving average price of $166.40. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40.

Carpenter Technology (NYSE:CRS - Get Free Report) last announced its earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, February 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, January 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.43%. Carpenter Technology's payout ratio is presently 15.09%.

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.