Carpenter Technology Co. (NYSE:CRS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in shares of Carpenter Technology Co. (NYSE:CRS) by 10.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,497 shares of the basic materials company’s stock after selling 4,343 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Carpenter Technology were worth $2,513,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at $284,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Carpenter Technology during the third quarter valued at about $202,000. JB Capital LLC raised its stake in shares of Carpenter Technology by 14.2% in the 3rd quarter. JB Capital LLC now owns 19,021 shares of the basic materials company’s stock valued at $1,278,000 after acquiring an additional 2,364 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Carpenter Technology by 16.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,184 shares of the basic materials company’s stock valued at $550,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Strs Ohio raised its position in Carpenter Technology by 400.0% in the third quarter. Strs Ohio now owns 2,500 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 2,000 shares during the period. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Trading Up 14.7 %

CRS opened at $98.33 on Thursday. Carpenter Technology Co. has a 52 week low of $44.40 and a 52 week high of $100.00. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $71.91 and a 200-day simple moving average of $68.34. The firm has a market cap of $4.86 billion, a P/E ratio of 34.02 and a beta of 1.56.

Carpenter Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 23rd will be given a $0.20 dividend. This is an increase from Carpenter Technology’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, April 22nd. Carpenter Technology’s payout ratio 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.