Zurcher Kantonalbank Zurich Cantonalbank Has $725,000 Position in Carpenter Technology Co. (NYSE:CRS)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Carpenter Technology Co. (NYSE:CRS) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,242 shares of the basic materials company’s stock after purchasing an additional 2,058 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carpenter Technology were worth $725,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CRS. Invesco Ltd. raised its stake in Carpenter Technology by 24.2% in the third quarter. Invesco Ltd. now owns 1,331,705 shares of the basic materials company’s stock valued at $89,504,000 after buying an additional 259,330 shares during the period. Assenagon Asset Management S.A. raised its stake in Carpenter Technology by 172.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 406,108 shares of the basic materials company’s stock valued at $27,295,000 after acquiring an additional 257,178 shares during the period. Hawk Ridge Capital Management LP acquired a new stake in Carpenter Technology during the 3rd quarter valued at $15,472,000. FMR LLC boosted its position in Carpenter Technology by 15.9% during the third quarter. FMR LLC now owns 1,545,931 shares of the basic materials company’s stock worth $103,902,000 after purchasing an additional 212,321 shares during the period. Finally, Lisanti Capital Growth LLC increased its holdings in shares of Carpenter Technology by 503.9% in the third quarter. Lisanti Capital Growth LLC now owns 177,970 shares of the basic materials company’s stock valued at $11,961,000 after purchasing an additional 148,500 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Carpenter Technology Price Performance

Shares of CRS opened at $83.77 on Tuesday. The firm has a market capitalization of $4.14 billion, a PE ratio of 28.99 and a beta of 1.56. 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 company’s 50-day moving average is $71.13 and its 200-day moving average is $68.07. Carpenter Technology Co. has a fifty-two week low of $44.40 and a fifty-two week high of $84.59.

Carpenter Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 22nd. 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 0.95%. Carpenter Technology’s dividend payout ratio (DPR) is 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.