Elizabeth A. Socci Sells 802 Shares of Carpenter Technology Co. (NYSE:CRS) Stock

Carpenter Technology Co. (NYSE:CRS - Get Free Report) VP Elizabeth A. Socci sold 802 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $102.11, for a total value of $81,892.22. Following the completion of the sale, the vice president now owns 11,509 shares of the company's stock, valued at $1,175,183.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Carpenter Technology Trading Up 0.7 %

NYSE CRS traded up $0.71 during trading on Tuesday, hitting $102.62. The company had a trading volume of 1,213,733 shares, compared to its average volume of 541,614. Carpenter Technology Co. has a one year low of $44.40 and a one year high of $104.85. The company has a current ratio of 3.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.46. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 38.99 and a beta of 1.47. The company's fifty day moving average is $74.82 and its 200-day moving average is $69.38.

Carpenter Technology (NYSE:CRS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.94 by $0.25. The firm had revenue of $684.90 million for the quarter, compared to the consensus estimate of $707.73 million. Carpenter Technology had a return on equity of 12.75% and a net margin of 4.83%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, sell-side analysts predict that Carpenter Technology Co. will post 3.97 earnings per share for the current year.

Carpenter Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.20 per share. This is a boost from Carpenter Technology's previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.78%. Carpenter Technology's dividend payout ratio (DPR) is presently 30.42%.

Analyst Ratings Changes

Several brokerages have commented on CRS. Northcoast Research restated a "neutral" rating on shares of Carpenter Technology in a research report on Monday. TD Cowen lifted their price target on shares of Carpenter Technology from $90.00 to $116.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $96.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Carpenter Technology by 0.9% in the third quarter. Vanguard Group Inc. now owns 5,855,711 shares of the basic materials company's stock valued at $393,562,000 after acquiring an additional 53,994 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Carpenter Technology by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,616,808 shares of the basic materials company's stock valued at $256,072,000 after buying an additional 43,589 shares during the period. FMR LLC lifted its holdings in shares of Carpenter Technology by 15.9% during the 3rd quarter. FMR LLC now owns 1,545,931 shares of the basic materials company's stock worth $103,902,000 after acquiring an additional 212,321 shares during the period. Invesco Ltd. raised its stake in Carpenter Technology by 24.2% during the third quarter. Invesco Ltd. now owns 1,331,705 shares of the basic materials company's stock worth $89,504,000 after purchasing an additional 259,330 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Carpenter Technology by 82.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 972,222 shares of the basic materials company's stock worth $68,833,000 after acquiring an additional 438,781 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company's stock.

Carpenter Technology Company 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.

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