Handelsbanken Fonder AB Makes New Investment in Carpenter Technology Co. (NYSE:CRS)

Handelsbanken Fonder AB acquired a new position in shares of Carpenter Technology Co. (NYSE:CRS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,500 shares of the basic materials company’s stock, valued at approximately $460,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of Carpenter Technology by 322.5% in the 4th quarter. Fifth Third Bancorp now owns 1,162 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 887 shares during the period. NBC Securities Inc. acquired a new position in shares of Carpenter Technology in the 3rd quarter valued at about $91,000. Strs Ohio increased its holdings in shares of Carpenter Technology by 400.0% in the 3rd 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. Cornerstone Investment Partners LLC acquired a new position in shares of Carpenter Technology in the 4th quarter valued at about $207,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Carpenter Technology in the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

Carpenter Technology Price Performance

Shares of CRS opened at $98.33 on Thursday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 34.02 and a beta of 1.56. Carpenter Technology Co. has a fifty-two week low of $44.40 and a fifty-two week high of $100.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.90 and a quick ratio of 1.26. The business’s 50-day moving average is $71.91 and its 200-day moving average is $68.34.

Carpenter Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Tuesday, April 23rd will be issued a $0.20 dividend. This is an increase from Carpenter Technology’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, April 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.81%. Carpenter Technology’s dividend payout ratio is currently 27.68%.

Carpenter Technology 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.