Carpenter Technology Co. (NYSE:CRS) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in shares of Carpenter Technology Co. (NYSE:CRS) by 32.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,988 shares of the basic materials company’s stock after purchasing an additional 987 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Carpenter Technology were worth $282,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC boosted its position 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 acquiring an additional 37,308 shares in the last quarter. Kestra Advisory Services LLC boosted its position 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 acquiring an additional 503 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Carpenter Technology during the 3rd quarter worth about $1,148,000. Navellier & Associates Inc. acquired a new position in shares of Carpenter Technology during the 3rd quarter worth about $1,492,000. Finally, SG Capital Management LLC boosted its position in shares of Carpenter Technology by 34.7% during the 3rd quarter. SG Capital Management LLC now owns 104,117 shares of the basic materials company’s stock worth $6,998,000 after acquiring an additional 26,799 shares in the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Carpenter Technology Trading Up 1.1 %

NYSE:CRS opened at $78.92 on Tuesday. The stock has a 50-day simple moving average of $69.75 and a 200-day simple moving average of $67.72. The stock has a market cap of $3.90 billion, a P/E ratio of 27.31 and a beta of 1.56. Carpenter Technology Co. has a 1 year low of $44.40 and a 1 year high of $82.16. 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:CRS) last announced its earnings results on Thursday, January 25th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. The firm had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $669.56 million. Carpenter Technology had a return on equity of 10.21% and a net margin of 5.27%. As a group, analysts anticipate that Carpenter Technology Co. will post 3.96 earnings per share for the current fiscal year.

Carpenter Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, April 23rd will be given a $0.20 dividend. The ex-dividend date is Monday, April 22nd. This is a boost from Carpenter Technology’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.01%. Carpenter Technology’s dividend payout ratio is 27.68%.

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.