Mackenzie Financial Corp Takes Position in Carpenter Technology Co. (NYSE:CRS)

Mackenzie Financial Corp bought a new position in shares of Carpenter Technology Co. (NYSE:CRS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,956 shares of the basic materials company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also modified their holdings of CRS. Phocas Financial Corp. acquired a new position in Carpenter Technology during the fourth quarter worth $3,396,000. Consolidated Portfolio Review Corp acquired a new stake in shares of Carpenter Technology during the 4th quarter worth about $1,297,000. Penserra Capital Management LLC lifted its holdings in 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 valued at $2,546,000 after purchasing an additional 37,308 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Carpenter Technology by 7.4% in the third quarter. Kestra Advisory Services LLC now owns 7,256 shares of the basic materials company’s stock valued at $488,000 after buying an additional 503 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new stake in Carpenter Technology during the third quarter worth about $1,148,000. Institutional investors own 92.03% of the company’s stock.

Carpenter Technology Stock Performance

NYSE CRS opened at $83.77 on Tuesday. Carpenter Technology Co. has a 1-year low of $44.40 and a 1-year high of $84.59. The company has a 50 day moving average of $71.13 and a 200-day moving average of $68.07. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 28.99 and a beta of 1.56.

Carpenter Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.95%. This is a boost from Carpenter Technology’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 22nd. Carpenter Technology’s dividend payout ratio (DPR) is currently 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.