Public Employees Retirement System of Ohio grew its holdings in Carpenter Technology Corporation (NYSE:CRS) by 7.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,614 shares of the basic materials company’s stock after acquiring an additional 370 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Carpenter Technology Corporation were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in shares of Carpenter Technology Corporation by 4.7% in the 2nd quarter. New York State Common Retirement Fund now owns 51,000 shares of the basic materials company’s stock valued at $1,909,000 after acquiring an additional 2,299 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Carpenter Technology Corporation in the 2nd quarter valued at about $802,000. JPMorgan Chase & Co. increased its holdings in shares of Carpenter Technology Corporation by 13.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 573,376 shares of the basic materials company’s stock valued at $21,461,000 after acquiring an additional 66,712 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Carpenter Technology Corporation by 23.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 14,700 shares of the basic materials company’s stock valued at $551,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Carpenter Technology Corporation by 1.6% in the 2nd quarter. Northern Trust Corp now owns 1,072,901 shares of the basic materials company’s stock valued at $40,158,000 after acquiring an additional 16,916 shares during the last quarter. Institutional investors and hedge funds own 97.62% of the company’s stock.

CRS has been the topic of a number of recent analyst reports. Cowen and Company reiterated a “hold” rating and issued a $37.00 price objective on shares of Carpenter Technology Corporation in a report on Thursday, October 19th. Zacks Investment Research downgraded Carpenter Technology Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. TheStreet upgraded Carpenter Technology Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Longbow Research increased their price objective on Carpenter Technology Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Carpenter Technology Corporation in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $48.17.

Shares of Carpenter Technology Corporation (NYSE:CRS) opened at $44.99 on Thursday. The stock has a market capitalization of $2,123.13, a PE ratio of 27.32 and a beta of 2.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.91 and a quick ratio of 0.98. Carpenter Technology Corporation has a 1 year low of $34.24 and a 1 year high of $51.88.

Carpenter Technology Corporation (NYSE:CRS) last announced its earnings results on Thursday, October 26th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.05. The firm had revenue of $479.80 million during the quarter, compared to analysts’ expectations of $448.46 million. Carpenter Technology Corporation had a return on equity of 6.67% and a net margin of 4.06%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. research analysts anticipate that Carpenter Technology Corporation will post 2.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, October 24th will be given a $0.18 dividend. The ex-dividend date is Monday, October 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.60%. Carpenter Technology Corporation’s dividend payout ratio (DPR) is presently 44.44%.

In other Carpenter Technology Corporation news, Director Steven E. Karol sold 2,645 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $40.50, for a total transaction of $107,122.50. Following the completion of the sale, the director now directly owns 230,418 shares of the company’s stock, valued at approximately $9,331,929. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Wadsworth sold 4,000 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $40.25, for a total value of $161,000.00. Following the sale, the director now directly owns 4,200 shares of the company’s stock, valued at $169,050. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,645 shares of company stock valued at $909,803. Insiders own 4.51% of the company’s stock.

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About Carpenter Technology Corporation

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations.

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

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