50,524 Shares in Carpenter Technology Co. (NYSE:CRS) Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in shares of Carpenter Technology Co. (NYSE:CRS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 50,524 shares of the basic materials company's stock, valued at approximately $3,577,000. Great Lakes Advisors LLC owned 0.10% of Carpenter Technology at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRS. Consolidated Portfolio Review Corp purchased a new stake in Carpenter Technology in the 4th quarter valued at approximately $1,297,000. Phocas Financial Corp. purchased a new position in shares of Carpenter Technology during the 4th quarter worth $3,396,000. Penserra Capital Management LLC lifted its stake in shares of Carpenter Technology by 6,477.1% during the 3rd quarter. Penserra Capital Management LLC now owns 37,884 shares of the basic materials company's stock worth $2,546,000 after purchasing an additional 37,308 shares during the period. GAMMA Investing LLC purchased a new position in shares of Carpenter Technology during the 4th quarter worth $100,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Carpenter Technology by 7.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 7,256 shares of the basic materials company's stock worth $488,000 after purchasing an additional 503 shares during the period. Institutional investors and hedge funds own 92.03% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRS. TD Cowen increased their price target on Carpenter Technology from $90.00 to $116.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Benchmark upped their price objective on Carpenter Technology from $100.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Finally, Northcoast Research restated a "neutral" rating on shares of Carpenter Technology in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $109.67.

Insider Transactions at Carpenter Technology

In other news, VP Elizabeth A. Socci sold 802 shares of Carpenter Technology stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $102.11, for a total transaction of $81,892.22. Following the sale, the vice president now directly owns 11,509 shares of the company's stock, valued at $1,175,183.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Elizabeth A. Socci sold 802 shares of Carpenter Technology stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $102.11, for a total value of $81,892.22. Following the completion of the transaction, the vice president now directly owns 11,509 shares in the company, valued at $1,175,183.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven E. Karol sold 31,000 shares of Carpenter Technology stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $100.57, for a total value of $3,117,670.00. Following the completion of the transaction, the director now owns 244,126 shares of the company's stock, valued at $24,551,751.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,160 shares of company stock valued at $3,645,081. 3.40% of the stock is currently owned by insiders.

Carpenter Technology Stock Down 0.0 %

NYSE:CRS traded down $0.04 during mid-day trading on Monday, hitting $109.79. The company had a trading volume of 604,631 shares, compared to its average volume of 541,659. The business has a fifty day simple moving average of $82.97 and a 200-day simple moving average of $72.46. The company has a current ratio of 3.20, a quick ratio of 1.45 and a debt-to-equity ratio of 0.46. Carpenter Technology Co. has a 1 year low of $44.40 and a 1 year high of $111.50. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 41.75 and a beta of 1.47.

Carpenter Technology (NYSE:CRS - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.94 by $0.25. Carpenter Technology had a return on equity of 12.75% and a net margin of 4.83%. The company had revenue of $684.90 million for the quarter, compared to analyst estimates of $707.73 million. During the same period last year, the company posted $0.38 earnings per share. The firm's revenue was down .8% compared to the same quarter last year. Equities analysts forecast that Carpenter Technology Co. will post 4.18 earnings per share for the current fiscal year.

Carpenter Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Carpenter Technology's previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 22nd. Carpenter Technology's payout ratio is presently 30.42%.

About Carpenter Technology

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.