WINTON GROUP Ltd Sells 47,746 Shares of Carpenter Technology Co. (NYSE:CRS)

WINTON GROUP Ltd trimmed its holdings in Carpenter Technology Co. (NYSE:CRS - Free Report) by 92.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,960 shares of the basic materials company's stock after selling 47,746 shares during the period. WINTON GROUP Ltd's holdings in Carpenter Technology were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRS. Citigroup Inc. raised its stake in shares of Carpenter Technology by 76.8% during the 3rd quarter. Citigroup Inc. now owns 63,137 shares of the basic materials company's stock valued at $10,075,000 after purchasing an additional 27,418 shares during the period. Cerity Partners LLC purchased a new position in Carpenter Technology during the 3rd quarter valued at about $540,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Carpenter Technology by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 27,838 shares of the basic materials company's stock worth $4,442,000 after buying an additional 908 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of Carpenter Technology by 7.5% in the third quarter. Arete Wealth Advisors LLC now owns 2,423 shares of the basic materials company's stock valued at $384,000 after acquiring an additional 169 shares during the period. Finally, Avala Global LP grew its stake in Carpenter Technology by 21.0% during the third quarter. Avala Global LP now owns 423,700 shares of the basic materials company's stock valued at $67,614,000 after acquiring an additional 73,400 shares in the last quarter. Institutional investors own 92.03% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research set a $230.00 price target on shares of Carpenter Technology in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Carpenter Technology from $235.00 to $240.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $167.17.

Carpenter Technology Price Performance

Shares of Carpenter Technology stock traded down $17.44 on Thursday, hitting $169.91. 248,554 shares of the company traded hands, compared to its average volume of 802,908. Carpenter Technology Co. has a 12-month low of $73.95 and a 12-month high of $213.66. The firm's 50-day simple moving average is $192.52 and its 200 day simple moving average is $179.96. The company has a market cap of $8.49 billion, a P/E ratio of 32.06, a P/E/G ratio of 0.93 and a beta of 1.28. 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 posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.08. Carpenter Technology had a return on equity of 19.88% and a net margin of 9.34%. Analysts expect that Carpenter Technology Co. will post 6.83 earnings per share for the current fiscal year.

Carpenter Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Friday, February 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Tuesday, January 28th. Carpenter Technology's payout ratio is currently 15.09%.

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.