Pennsylvania Trust Co bought a new stake in Carpenter Technology Co. (NYSE:CRS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,202 shares of the basic materials company’s stock, valued at approximately $1,726,000. Pennsylvania Trust Co owned about 0.05% of Carpenter Technology as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRS. Flagship Harbor Advisors LLC bought a new position in shares of Carpenter Technology during the fourth quarter valued at about $25,000. Captrust Financial Advisors grew its stake in shares of Carpenter Technology by 476.1% during the third quarter. Captrust Financial Advisors now owns 2,656 shares of the basic materials company’s stock valued at $157,000 after buying an additional 2,195 shares during the last quarter. Park National Corp OH bought a new position in shares of Carpenter Technology during the first quarter valued at about $201,000. Dupont Capital Management Corp bought a new position in shares of Carpenter Technology during the fourth quarter valued at about $167,000. Finally, Paloma Partners Management Co bought a new position in shares of Carpenter Technology during the third quarter valued at about $287,000. 94.66% of the stock is currently owned by institutional investors and hedge funds.

NYSE CRS opened at $50.28 on Friday. The company has a current ratio of 2.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.38 billion, a P/E ratio of 20.11 and a beta of 2.40. Carpenter Technology Co. has a 1 year low of $32.77 and a 1 year high of $61.49.

Carpenter Technology (NYSE:CRS) last posted its earnings results on Thursday, January 31st. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The company had revenue of $556.50 million for the quarter, compared to analysts’ expectations of $570.66 million. Carpenter Technology had a return on equity of 9.49% and a net margin of 6.04%. During the same period last year, the firm earned $0.55 earnings per share. As a group, analysts anticipate that Carpenter Technology Co. will post 3.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, April 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. Carpenter Technology’s payout ratio is presently 32.00%.

CRS has been the topic of a number of recent research reports. ValuEngine raised Carpenter Technology from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Zacks Investment Research cut Carpenter Technology from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, Cowen reissued a “buy” rating and issued a $53.00 target price on shares of Carpenter Technology in a research note on Thursday, January 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Carpenter Technology currently has an average rating of “Buy” and a consensus target price of $53.50.

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Carpenter Technology Profile

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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Institutional Ownership by Quarter for Carpenter Technology (NYSE:CRS)

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