Fisher Asset Management LLC Purchases 181,011 Shares of Carpenter Technology Co. (CRS)

Fisher Asset Management LLC raised its position in shares of Carpenter Technology Co. (NYSE:CRS) by 72.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,841 shares of the basic materials company’s stock after purchasing an additional 181,011 shares during the period. Fisher Asset Management LLC’s holdings in Carpenter Technology were worth $25,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zeke Capital Advisors LLC purchased a new stake in shares of Carpenter Technology during the 2nd quarter worth about $213,000. Park National Corp OH purchased a new stake in shares of Carpenter Technology during the 2nd quarter worth about $214,000. Jane Street Group LLC purchased a new stake in shares of Carpenter Technology during the 2nd quarter worth about $220,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Carpenter Technology during the 2nd quarter worth about $222,000. Finally, Pitcairn Co. bought a new position in shares of Carpenter Technology in the 2nd quarter valued at approximately $225,000. 94.64% of the stock is owned by institutional investors.

Shares of CRS stock opened at $43.91 on Monday. The company has a current ratio of 3.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Carpenter Technology Co. has a twelve month low of $41.75 and a twelve month high of $61.49. The company has a market capitalization of $2.08 billion, a P/E ratio of 16.45 and a beta of 2.05.



Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.09). Carpenter Technology had a net margin of 8.74% and a return on equity of 9.03%. The company had revenue of $572.40 million during the quarter, compared to the consensus estimate of $559.00 million. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s revenue was up 19.3% on a year-over-year basis. On average, research analysts forecast that Carpenter Technology Co. will post 3.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Tuesday, October 23rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, October 22nd. Carpenter Technology’s payout ratio is 32.00%.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Carpenter Technology from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Monday, August 6th. ValuEngine downgraded Carpenter Technology from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Finally, Deutsche Bank set a $50.00 price objective on Carpenter Technology and gave the company a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Carpenter Technology presently has a consensus rating of “Hold” and a consensus target price of $58.00.

About Carpenter Technology

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates through two segments, Specialty Alloys Operations and Performance Engineered Products. It offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools; and metal powders and parts.

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

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