Danske Bank A S Sells 4,983 Shares of Carpenter Technology Corporation $CRS

Danske Bank A S lessened its holdings in Carpenter Technology Corporation (NYSE:CRS) by 94.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300 shares of the basic materials company’s stock after selling 4,983 shares during the period. Danske Bank A S’s holdings in Carpenter Technology were worth $94,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in Carpenter Technology in the second quarter valued at about $28,000. Armstrong Advisory Group Inc. boosted its stake in shares of Carpenter Technology by 57.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 118 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Carpenter Technology by 164.7% during the fourth quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 84 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Carpenter Technology during the second quarter valued at about $43,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Carpenter Technology during the second quarter valued at about $45,000. Institutional investors own 92.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRS. Wall Street Zen raised Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Carpenter Technology in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on Carpenter Technology from $465.00 to $470.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. TD Cowen lifted their price target on Carpenter Technology from $430.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $500.00 price target on shares of Carpenter Technology in a research note on Thursday, April 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $438.78.

Carpenter Technology News Roundup

Here are the key news stories impacting Carpenter Technology this week:

• Positive Sentiment: Multiple brokerages reiterated or raised ratings/targets (Deutsche Bank, Susquehanna, TD Cowen, Weiss), reinforcing buy-side interest and giving the stock fundamental support. MarketBeat CRS Coverage
• Positive Sentiment: Institutional inflows reported (several asset managers have added or expanded positions), which can increase liquidity and sustain upward pressure on the share price. MarketBeat CRS Coverage
• Positive Sentiment: Technical/momentum coverage: Zacks notes CRS crossed above its 20?day moving average — a short?term bullish signal that can attract momentum traders. CRS Crossed Above 20?Day MA (Zacks)
• Positive Sentiment: Sector/strategic angle: Zacks included CRS among stocks tied to 3D?printing and advanced manufacturing themes — a longer?term growth narrative that can broaden investor interest. Top 3D Printing Stocks (Zacks)
• Neutral Sentiment: Recent quarterly results showed an EPS beat but revenue missed consensus — EPS strength supports profitability narratives, while the top?line shortfall tempers the outlook. MarketBeat CRS Earnings Summary
• Neutral Sentiment: Company declared a small quarterly dividend (annualized ~$0.80, ~0.2% yield) — a modest positive for income investors but not a major valuation driver. Dividend Announcement (MarketBeat)
• Neutral Sentiment: Some coverage highlights mixed analyst views on industrial names including CRS, which keeps near?term sentiment balanced rather than uniformly bullish. Analysts Mixed on Industrials (Globe & Mail)
• Negative Sentiment: Large insider selling: VP Marshall Akins sold 11,815 shares (~$5.2M at ~$441.36) and reduced his stake materially — a visible liquidity event that can be read as waning insider conviction and weigh on sentiment. SEC Form 4 (Akins)
• Negative Sentiment: Smaller director sale: Director Anastasios John Hart sold 750 shares at ~$423.86, adding to the insider?selling narrative. SEC Form 4 (Hart)

Carpenter Technology Price Performance

Carpenter Technology stock opened at $445.37 on Friday. The stock’s 50 day moving average is $408.00 and its 200 day moving average is $356.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 2.08. The firm has a market cap of $22.13 billion, a P/E ratio of 46.88, a P/E/G ratio of 1.71 and a beta of 1.24. Carpenter Technology Corporation has a one year low of $204.47 and a one year high of $475.69.

Carpenter Technology (NYSE:CRS) last posted its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.18. The company had revenue of $655.60 million for the quarter, compared to analyst estimates of $797.00 million. Carpenter Technology had a return on equity of 25.02% and a net margin of 15.82%.The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. As a group, research analysts expect that Carpenter Technology Corporation will post 10.43 EPS for the current year.

Carpenter Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Tuesday, April 28th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, April 28th. Carpenter Technology’s payout ratio is currently 8.42%.

Insider Buying and Selling

In related news, VP Marshall D. Akins sold 11,815 shares of Carpenter Technology stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $441.36, for a total value of $5,214,668.40. Following the transaction, the vice president directly owned 18,344 shares of the company’s stock, valued at $8,096,307.84. The trade was a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Karol sold 3,500 shares of Carpenter Technology stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $381.12, for a total value of $1,333,920.00. Following the completion of the transaction, the director directly owned 225,381 shares in the company, valued at approximately $85,897,206.72. This represents a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,865 shares of company stock valued at $14,196,607 in the last ninety days. Insiders own 2.90% of the company’s stock.

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.