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

Barclays PLC raised its holdings in Carpenter Technology Co. (NYSE:CRS - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,877 shares of the basic materials company's stock after buying an additional 16,132 shares during the quarter. Barclays PLC owned 0.24% of Carpenter Technology worth $20,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. grew its position in Carpenter Technology by 2.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,415 shares of the basic materials company's stock worth $410,000 after buying an additional 63 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Carpenter Technology by 11.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 669 shares of the basic materials company's stock valued at $114,000 after buying an additional 71 shares during the period. CIBC Asset Management Inc raised its stake in shares of Carpenter Technology by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,521 shares of the basic materials company's stock valued at $258,000 after buying an additional 78 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Carpenter Technology by 23.5% during the 4th quarter. Fifth Third Bancorp now owns 573 shares of the basic materials company's stock worth $97,000 after acquiring an additional 109 shares during the period. Finally, Wesbanco Bank Inc. increased its stake in Carpenter Technology by 1.2% in the fourth quarter. Wesbanco Bank Inc. now owns 9,797 shares of the basic materials company's stock valued at $1,663,000 after acquiring an additional 115 shares during the period. Institutional investors own 92.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Northcoast Research upgraded shares of Carpenter Technology from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective 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, BTIG Research set a $230.00 price target on Carpenter Technology in a report on Friday, January 31st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Carpenter Technology has an average rating of "Moderate Buy" and a consensus target price of $167.17.

Carpenter Technology Trading Up 4.3 %

NYSE CRS traded up $8.15 on Thursday, reaching $198.88. The company had a trading volume of 1,614,397 shares, compared to its average volume of 749,621. Carpenter Technology Co. has a 52 week low of $78.20 and a 52 week high of $213.66. The stock's 50 day moving average is $183.33 and its 200-day moving average is $181.11. The company has a quick ratio of 1.92, a current ratio of 3.80 and a debt-to-equity ratio of 0.40. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 0.93 and a beta of 1.28.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.14. Carpenter Technology had a net margin of 9.34% and a return on equity of 19.88%. Equities analysts predict that Carpenter Technology Co. will post 6.83 earnings per share for the current year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Tuesday, April 22nd. Carpenter Technology's payout ratio is presently 15.09%.

About Carpenter Technology

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.