Manuka Financial LLC Purchases Shares of 2,167 Carpenter Technology Co. (NYSE:CRS)

Manuka Financial LLC bought a new position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,167 shares of the basic materials company's stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. raised its holdings 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 worth $52,000 after purchasing an additional 191 shares in the last quarter. nVerses Capital LLC acquired a new position in Carpenter Technology in the 3rd quarter valued at $64,000. Banque Cantonale Vaudoise acquired a new stake in shares of Carpenter Technology in the 3rd quarter worth $65,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Carpenter Technology during the 3rd quarter worth $80,000. Finally, Morse Asset Management Inc purchased a new position in Carpenter Technology during the 3rd quarter valued at about $84,000. Institutional investors own 92.03% of the company's stock.

Carpenter Technology Trading Down 0.6 %

Shares of CRS traded down $1.12 during midday trading on Wednesday, hitting $190.96. The stock had a trading volume of 221,973 shares, compared to its average volume of 719,190. The business has a 50-day simple moving average of $187.64 and a two-hundred day simple moving average of $165.29. Carpenter Technology Co. has a fifty-two week low of $58.87 and a fifty-two week high of $213.65. The firm has a market cap of $9.54 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. 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 issued its quarterly earnings data 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%. As a group, equities analysts forecast that Carpenter Technology Co. will post 6.74 EPS for the current year.

Carpenter Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 0.42%. Carpenter Technology's dividend payout ratio is 15.09%.

Analyst Ratings Changes

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

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.