Danske Bank A S Has $94,000 Holdings in Carpenter Technology Corporation $CRS

Key Points

• Danske Bank A/S cut its stake in Carpenter Technology by 94.3% in Q4, selling 4,983 shares and leaving it with 300 shares valued at about $94,000 per its latest 13F filing.
• Significant insider selling has occurred recently—insiders sold 34,865 shares worth about $14.2 million in the last three months, including SVP James D. Dee (15,800 shares, ~$6.19M) and VP Marshall Akins (11,815 shares, ~$5.2M), a trend that could weigh on sentiment.
• Carpenter reported an EPS beat ($2.77 vs. $2.59) but a revenue shortfall ($655.6M vs. $797M); analysts have mostly raised targets and the consensus rating is a Moderate Buy with an average target of $438.78.

Danske Bank A S lessened its stake in Carpenter Technology Corporation (NYSE:CRS - Free Report) by 94.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300 shares of the basic materials company's stock after selling 4,983 shares during the quarter. Danske Bank A S's holdings in Carpenter Technology were worth $94,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CRS. Woodline Partners LP bought a new stake in Carpenter Technology in the 1st quarter valued at $4,050,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Carpenter Technology by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,785 shares of the basic materials company's stock valued at $18,985,000 after acquiring an additional 1,701 shares during the period. Focus Partners Wealth raised its stake in Carpenter Technology by 7.3% in the 1st quarter. Focus Partners Wealth now owns 4,615 shares of the basic materials company's stock valued at $836,000 after acquiring an additional 314 shares during the period. Quantbot Technologies LP bought a new stake in Carpenter Technology in the 2nd quarter valued at $80,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Carpenter Technology in the 2nd quarter valued at $533,000. Institutional investors own 92.03% of the company's stock.

Insiders Place Their Bets

In other Carpenter Technology news, SVP James D. Dee sold 15,800 shares of Carpenter Technology stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $391.78, for a total value of $6,190,124.00. Following the transaction, the senior vice president owned 73,739 shares in the company, valued at $28,889,465.42. The trade was a 17.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anastasios John Hart sold 750 shares of Carpenter Technology stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $423.86, for a total value of $317,895.00. Following the completion of the transaction, the director owned 750 shares in the company, valued at approximately $317,895. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 34,865 shares of company stock worth $14,196,607. Insiders own 2.90% of the company's stock.

Carpenter Technology Stock Down 2.8%

CRS stock opened at $445.37 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The stock has a market capitalization of $22.13 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.71 and a beta of 1.24. The business's fifty day moving average price is $408.00 and its two-hundred day moving average price is $356.28. Carpenter Technology Corporation has a fifty-two week low of $204.47 and a fifty-two week high of $475.69.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.18. The firm had revenue of $655.60 million for the quarter, compared to analysts' expectations of $797.00 million. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The company's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. On average, equities analysts anticipate that Carpenter Technology Corporation will post 10.43 earnings per share for the current year.

Carpenter Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, April 28th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, April 28th. Carpenter Technology's payout ratio is currently 8.42%.

Carpenter Technology News Summary

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Multiple brokerages reiterated or raised ratings/targets (Deutsche Bank, Susquehanna, TD Cowen, Weiss), reinforcing buy-side interest and giving the stock fundamental support. MarketBeat CRS Coverage
• Positive Sentiment: Institutional inflows reported (several asset managers have added or expanded positions), which can increase liquidity and sustain upward pressure on the share price. MarketBeat CRS Coverage
• Positive Sentiment: Technical/momentum coverage: Zacks notes CRS crossed above its 20‑day moving average — a short‑term bullish signal that can attract momentum traders. CRS Crossed Above 20‑Day MA (Zacks)
• Positive Sentiment: Sector/strategic angle: Zacks included CRS among stocks tied to 3D‑printing and advanced manufacturing themes — a longer‑term growth narrative that can broaden investor interest. Top 3D Printing Stocks (Zacks)
• Neutral Sentiment: Recent quarterly results showed an EPS beat but revenue missed consensus — EPS strength supports profitability narratives, while the top‑line shortfall tempers the outlook. MarketBeat CRS Earnings Summary
• Neutral Sentiment: Company declared a small quarterly dividend (annualized ~$0.80, ~0.2% yield) — a modest positive for income investors but not a major valuation driver. Dividend Announcement (MarketBeat)
• Neutral Sentiment: Some coverage highlights mixed analyst views on industrial names including CRS, which keeps near‑term sentiment balanced rather than uniformly bullish. Analysts Mixed on Industrials (Globe & Mail)
• Negative Sentiment: Large insider selling: VP Marshall Akins sold 11,815 shares (~$5.2M at ~$441.36) and reduced his stake materially — a visible liquidity event that can be read as waning insider conviction and weigh on sentiment. SEC Form 4 (Akins)
• Negative Sentiment: Smaller director sale: Director Anastasios John Hart sold 750 shares at ~$423.86, adding to the insider‑selling narrative. SEC Form 4 (Hart)

Analyst Upgrades and Downgrades

CRS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Carpenter Technology from $465.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. KeyCorp increased their price target on Carpenter Technology from $453.00 to $459.00 and gave the company an "overweight" rating in a research note on Monday. TD Cowen increased their price target on Carpenter Technology from $430.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. BTIG Research increased their price objective on Carpenter Technology from $375.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company increased their price objective on Carpenter Technology from $400.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Monday. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $438.78.

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.

Want to see what other hedge funds are holding CRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carpenter Technology Corporation (NYSE:CRS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.