Carpenter Technology Co. (NYSE:CRS) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in Carpenter Technology Co. (NYSE:CRS - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,229 shares of the basic materials company's stock after acquiring an additional 25,917 shares during the period. Fisher Asset Management LLC owned about 0.78% of Carpenter Technology worth $66,226,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its holdings in shares of Carpenter Technology by 2.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 2,415 shares of the basic materials company's stock valued at $410,000 after acquiring an additional 63 shares during the last quarter. CIBC Asset Management Inc boosted its holdings 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 acquiring an additional 78 shares during the last quarter. Strengthening Families & Communities LLC boosted its holdings in shares of Carpenter Technology by 0.6% in the 3rd quarter. Strengthening Families & Communities LLC now owns 17,314 shares of the basic materials company's stock valued at $2,763,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Carpenter Technology by 23.5% in the 4th quarter. Fifth Third Bancorp now owns 573 shares of the basic materials company's stock valued at $97,000 after acquiring an additional 109 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Carpenter Technology by 1.2% in the 4th 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 last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

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Carpenter Technology Trading Up 0.6 %

CRS stock traded up $1.26 during mid-day trading on Wednesday, hitting $203.24. 631,001 shares of the company were exchanged, compared to its average volume of 646,506. The business has a fifty day simple moving average of $193.16 and a 200-day simple moving average of $173.60. 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 12-month low of $63.58 and a 12-month high of $213.66. The firm has a market capitalization of $10.15 billion, a P/E ratio of 38.35, a PEG ratio of 0.93 and a beta of 1.54.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 EPS for the quarter, beating 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%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Friday, February 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, January 28th. Carpenter Technology's payout ratio is 15.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CRS shares. JPMorgan Chase & Co. increased their price target on shares of Carpenter Technology from $235.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. BTIG Research set a $230.00 target price 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $167.17.

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.