Barclays PLC Has $145.36 Million Stock Position in Carpenter Technology Corporation $CRS

Barclays PLC boosted its holdings in Carpenter Technology Corporation (NYSE:CRS) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 591,981 shares of the basic materials company’s stock after buying an additional 32,645 shares during the period. Barclays PLC owned approximately 1.19% of Carpenter Technology worth $145,355,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Carpenter Technology by 15.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 550,055 shares of the basic materials company’s stock worth $138,328,000 after acquiring an additional 71,872 shares during the last quarter. American Century Companies Inc. raised its stake in Carpenter Technology by 4.0% during the 3rd quarter. American Century Companies Inc. now owns 467,702 shares of the basic materials company’s stock valued at $114,841,000 after purchasing an additional 18,201 shares during the last quarter. Raymond James Financial Inc. raised its stake in Carpenter Technology by 244.3% during the 2nd quarter. Raymond James Financial Inc. now owns 411,277 shares of the basic materials company’s stock valued at $113,669,000 after purchasing an additional 291,829 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Carpenter Technology by 10.9% in the 2nd quarter. Franklin Resources Inc. now owns 393,039 shares of the basic materials company’s stock valued at $108,628,000 after purchasing an additional 38,699 shares during the period. Finally, TOMS Capital Investment Management LP bought a new stake in Carpenter Technology in the 2nd quarter valued at $106,683,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRS shares. TD Cowen restated a “buy” rating on shares of Carpenter Technology in a report on Friday, November 14th. Susquehanna began coverage on shares of Carpenter Technology in a research note on Tuesday, March 3rd. They issued a “positive” rating and a $470.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research report on Tuesday, January 27th. Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on Carpenter Technology from $388.00 to $394.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $385.50.

Insider Transactions at Carpenter Technology

In other Carpenter Technology news, Director Steven E. Karol sold 3,500 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $381.12, for a total transaction of $1,333,920.00. Following the transaction, the director owned 225,381 shares of the company’s stock, valued at approximately $85,897,206.72. This represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian J. Malloy sold 4,130 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $303.52, for a total value of $1,253,537.60. Following the completion of the transaction, the chief operating officer owned 78,875 shares in the company, valued at approximately $23,940,140. This represents a 4.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 97,758 shares of company stock worth $31,665,177. Insiders own 2.90% of the company’s stock.

Carpenter Technology Trading Down 2.2%

Shares of Carpenter Technology stock opened at $386.39 on Friday. The firm has a market capitalization of $19.25 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 1.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.25 and a quick ratio of 2.26. The company’s fifty day moving average price is $353.26 and its two-hundred day moving average price is $306.70. Carpenter Technology Corporation has a 52-week low of $138.61 and a 52-week high of $412.31.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $728.00 million during the quarter, compared to the consensus estimate of $733.76 million. Carpenter Technology had a net margin of 14.77% and a return on equity of 23.63%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. On average, analysts expect that Carpenter Technology Corporation will post 6.83 EPS for the current year.

Carpenter Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, January 27th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. Carpenter Technology’s payout ratio is currently 9.29%.

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.