Monarch Partners Asset Management LLC acquired a new position in shares of Carpenter Technology Corporation (NYSE:CRS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100,600 shares of the basic materials company’s stock, valued at approximately $4,832,000. Monarch Partners Asset Management LLC owned 0.22% of Carpenter Technology Corporation as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank grew its position in shares of Carpenter Technology Corporation by 2,595.0% during the 2nd quarter. Huntington National Bank now owns 2,695 shares of the basic materials company’s stock worth $101,000 after buying an additional 2,595 shares during the period. Riverhead Capital Management LLC grew its position in shares of Carpenter Technology Corporation by 64.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the basic materials company’s stock worth $105,000 after buying an additional 1,097 shares during the period. Dubuque Bank & Trust Co. grew its position in shares of Carpenter Technology Corporation by 3.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 3,691 shares of the basic materials company’s stock worth $138,000 after buying an additional 107 shares during the period. LS Investment Advisors LLC grew its position in shares of Carpenter Technology Corporation by 17.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,746 shares of the basic materials company’s stock worth $140,000 after buying an additional 556 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Carpenter Technology Corporation by 1.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,244 shares of the basic materials company’s stock worth $196,000 after buying an additional 92 shares during the period. 97.68% of the stock is owned by institutional investors.

In other news, Director I Martin Inglis sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $39.77, for a total transaction of $318,160.00. Following the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $445,424. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven E. Karol sold 2,645 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $40.50, for a total value of $107,122.50. Following the transaction, the director now directly owns 230,418 shares in the company, valued at $9,331,929. The disclosure for this sale can be found here. Insiders have sold 22,645 shares of company stock worth $909,803 over the last three months. Insiders own 4.51% of the company’s stock.

A number of equities analysts recently issued reports on CRS shares. Zacks Investment Research upgraded Carpenter Technology Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, July 18th. Cowen and Company reaffirmed a “hold” rating and set a $37.00 target price on shares of Carpenter Technology Corporation in a report on Thursday, October 19th. TheStreet raised Carpenter Technology Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Longbow Research lifted their target price 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 reaffirmed a “hold” rating on shares of Carpenter Technology Corporation in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.17.

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Shares of Carpenter Technology Corporation (NYSE CRS) traded down $0.17 during mid-day trading on Tuesday, reaching $49.05. The company’s stock had a trading volume of 9,082 shares, compared to its average volume of 445,894. The company has a quick ratio of 0.98, a current ratio of 2.91 and a debt-to-equity ratio of 0.45. Carpenter Technology Corporation has a 12-month low of $31.70 and a 12-month high of $51.88. The company has a market capitalization of $2,300.00, a P/E ratio of 29.67 and a beta of 2.09.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Tuesday, October 24th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. Carpenter Technology Corporation’s dividend payout ratio (DPR) is presently 44.72%.

Carpenter Technology Corporation Company Profile

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.

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

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