Natixis Advisors LLC Sells 7,453 Shares of Carpenter Technology Co. (NYSE:CRS)

Natixis Advisors LLC decreased its holdings in Carpenter Technology Co. (NYSE:CRS - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,364 shares of the basic materials company's stock after selling 7,453 shares during the period. Natixis Advisors LLC's holdings in Carpenter Technology were worth $2,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRS. Kestra Investment Management LLC purchased a new stake in shares of Carpenter Technology in the fourth quarter valued at $25,000. UMB Bank n.a. grew its holdings in Carpenter Technology by 169.0% during the 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 191 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Carpenter Technology in the 3rd quarter worth about $65,000. Wilmington Savings Fund Society FSB purchased a new stake in Carpenter Technology in the 3rd quarter worth about $80,000. Finally, Morse Asset Management Inc bought a new stake in Carpenter Technology in the third quarter worth about $84,000. Hedge funds and other institutional investors own 92.03% of the company's stock.

Carpenter Technology Trading Down 1.6 %

Shares of Carpenter Technology stock traded down $3.12 on Thursday, hitting $186.00. 373,374 shares of the company traded hands, compared to its average volume of 672,764. Carpenter Technology Co. has a 52 week low of $68.77 and a 52 week high of $213.66. The company has a market cap of $9.29 billion, a PE ratio of 35.09, a PEG ratio of 0.93 and a beta of 1.55. The stock's 50 day moving average price is $194.81 and its 200-day moving average price is $178.36. The company has a current ratio of 3.80, a quick ratio of 1.92 and a debt-to-equity ratio of 0.40.

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Carpenter Technology (NYSE:CRS - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. Equities research analysts predict that Carpenter Technology Co. will post 6.83 EPS for the current year.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Friday, February 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Tuesday, January 28th. Carpenter Technology's dividend payout ratio (DPR) is presently 15.09%.

Wall Street Analyst Weigh In

CRS has been the topic of a number of analyst reports. BTIG Research set a $230.00 target price on Carpenter Technology in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Carpenter Technology from $235.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $167.17.

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.