Carpenter Technology Co. (NYSE:CRS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Carpenter Technology Co. (NYSE:CRS - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 704,452 shares of the basic materials company's stock after selling 65,033 shares during the period. Charles Schwab Investment Management Inc. owned about 1.41% of Carpenter Technology worth $119,553,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its stake in shares of Carpenter Technology by 16.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,893 shares of the basic materials company's stock valued at $621,000 after buying an additional 537 shares during the period. Lisanti Capital Growth LLC grew its position in Carpenter Technology by 29.3% during the third quarter. Lisanti Capital Growth LLC now owns 49,315 shares of the basic materials company's stock valued at $7,870,000 after acquiring an additional 11,180 shares during the period. Versor Investments LP increased its stake in Carpenter Technology by 19.0% during the third quarter. Versor Investments LP now owns 2,669 shares of the basic materials company's stock worth $426,000 after acquiring an additional 427 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Carpenter Technology during the third quarter worth about $18,868,000. Finally, Entropy Technologies LP raised its holdings in shares of Carpenter Technology by 325.8% in the 3rd quarter. Entropy Technologies LP now owns 13,578 shares of the basic materials company's stock worth $2,167,000 after purchasing an additional 10,389 shares during the period. 92.03% of the stock is currently owned by institutional investors and hedge funds.

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Carpenter Technology Stock Up 0.6 %

NYSE CRS traded up $1.01 on Wednesday, reaching $181.42. The company had a trading volume of 431,389 shares, compared to its average volume of 662,735. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.80 and a quick ratio of 1.92. Carpenter Technology Co. has a 1 year low of $63.58 and a 1 year high of $213.66. The firm has a 50-day moving average of $194.46 and a 200-day moving average of $175.03. The firm has a market capitalization of $9.06 billion, a PE ratio of 34.32, a P/E/G ratio of 0.93 and a beta of 1.55.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share 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%. On average, equities research analysts anticipate that Carpenter Technology Co. will post 6.83 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, January 28th. Carpenter Technology's dividend payout ratio is currently 15.09%.

Analyst Ratings Changes

CRS has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on 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 price objective on shares of Carpenter Technology in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Carpenter Technology has an average rating of "Moderate Buy" and an average price target 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.