7,264 Shares in Carpenter Technology Co. (NYSE:CRS) Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,264 shares of the basic materials company's stock, valued at approximately $1,233,000.

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 4th quarter. UMB Bank n.a. now owns 304 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 191 shares during the period. nVerses Capital LLC acquired a new position in shares of Carpenter Technology in the third quarter valued at approximately $64,000. Banque Cantonale Vaudoise bought a new position in shares of Carpenter Technology during the third quarter worth approximately $65,000. Wilmington Savings Fund Society FSB acquired a new stake in Carpenter Technology during the 3rd quarter worth approximately $80,000. Finally, Morse Asset Management Inc bought a new stake in Carpenter Technology in the 3rd quarter valued at $84,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CRS. Benchmark reiterated a "buy" rating and set a $175.00 price objective on shares of Carpenter Technology in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Carpenter Technology from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $155.50.

Carpenter Technology Price Performance

CRS traded down $2.81 on Thursday, hitting $189.90. 518,341 shares of the stock were exchanged, compared to its average volume of 722,706. The business has a 50-day moving average of $187.52 and a two-hundred day moving average of $165.65. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 0.92 and a beta of 1.54. 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 12 month low of $60.52 and a 12 month high of $213.65.

Carpenter Technology (NYSE:CRS - Get Free Report) last announced 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%. Sell-side analysts forecast that Carpenter Technology Co. will post 6.74 EPS 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. Investors of record on Friday, February 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date is Tuesday, January 28th. Carpenter Technology's dividend payout ratio (DPR) 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.