J.P. Morgan Private Wealth Advisors LLC Trims Holdings in Carpenter Technology Co. (NYSE:CRS)

J.P. Morgan Private Wealth Advisors LLC lowered its stake in Carpenter Technology Co. (NYSE:CRSFree Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,455 shares of the basic materials company’s stock after selling 289 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in Carpenter Technology were worth $1,173,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Jackson Creek Investment Advisors LLC bought a new stake in Carpenter Technology during the 3rd quarter valued at $1,148,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Carpenter Technology during the second quarter worth about $748,000. Lisanti Capital Growth LLC grew its stake in shares of Carpenter Technology by 503.9% in the third quarter. Lisanti Capital Growth LLC now owns 177,970 shares of the basic materials company’s stock worth $11,961,000 after purchasing an additional 148,500 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Carpenter Technology in the third quarter worth about $1,893,000. Finally, Principal Financial Group Inc. increased its holdings in Carpenter Technology by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 359,981 shares of the basic materials company’s stock valued at $24,194,000 after purchasing an additional 31,694 shares during the period. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Carpenter Technology Trading Up 0.4 %

NYSE CRS opened at $63.62 on Tuesday. The stock has a market cap of $3.14 billion, a P/E ratio of 22.01 and a beta of 1.55. Carpenter Technology Co. has a fifty-two week low of $38.24 and a fifty-two week high of $74.06. The stock has a 50 day simple moving average of $66.49 and a two-hundred day simple moving average of $65.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 2.90.

Carpenter Technology (NYSE:CRSGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The basic materials company reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The company had revenue of $624.20 million during the quarter, compared to analyst estimates of $669.56 million. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. On average, analysts forecast that Carpenter Technology Co. will post 4 earnings per share for the current year.

Carpenter Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Tuesday, January 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, January 29th. Carpenter Technology’s payout ratio is currently 27.68%.

Carpenter Technology Profile

(Free Report)

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.

See Also

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

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