Carpenter Technology Co. (NYSE:CRS) Shares Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. increased its holdings in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,966 shares of the basic materials company's stock after buying an additional 1,717 shares during the period. Roman Butler Fullerton & Co.'s holdings in Carpenter Technology were worth $1,691,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in shares of Carpenter Technology by 428.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 592,034 shares of the basic materials company's stock worth $103,714,000 after acquiring an additional 479,985 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in Carpenter Technology in the fourth quarter valued at about $519,000. Pelham Capital Ltd. purchased a new stake in Carpenter Technology in the fourth quarter worth $7,291,000. WCM Investment Management LLC raised its stake in Carpenter Technology by 13.6% in the 4th quarter. WCM Investment Management LLC now owns 134,756 shares of the basic materials company's stock valued at $22,547,000 after acquiring an additional 16,097 shares during the period. Finally, Empowered Funds LLC grew its stake in Carpenter Technology by 2.4% in the 4th quarter. Empowered Funds LLC now owns 34,498 shares of the basic materials company's stock valued at $5,855,000 after buying an additional 821 shares in the last quarter. Institutional investors and hedge funds own 92.03% of the company's stock.

Carpenter Technology Stock Performance

Shares of CRS stock traded up $4.09 during mid-day trading on Wednesday, reaching $209.92. 992,326 shares of the company's stock traded hands, compared to its average volume of 765,607. Carpenter Technology Co. has a 12 month low of $62.99 and a 12 month high of $213.65. The firm has a 50 day moving average price of $187.83 and a two-hundred day moving average price of $169.44. The firm has a market capitalization of $10.49 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.92 and a current ratio of 3.80.

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

Carpenter Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Friday, February 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, January 28th. Carpenter Technology's dividend payout ratio (DPR) is 15.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CRS shares. JPMorgan Chase & Co. upped 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. Benchmark reissued a "buy" rating and issued a $175.00 price target on shares of Carpenter Technology in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $156.33.

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.