<div id="readability-page-1"><p><strong>Carpenter Technology Corporation</strong> (NYSE:CRS - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Tuesday, August 26th will be given a dividend of 0.20 per share by the basic materials company on Thursday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%.</p><ul><li>3 Materials Stocks Everyone Is Talking About Right Now</li></ul><p>Carpenter Technology has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carpenter Technology to earn $8.08 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 9.9%. </p><div><p><span></span><span>Get <strong>Carpenter Technology</strong> alerts:</span></p></div><h2>Carpenter Technology Trading Down 2.5%</h2><p>Shares of NYSE:CRS opened at $250.82 on Thursday. Carpenter Technology has a 52-week low of $129.57 and a 52-week high of $290.84. The company has a market capitalization of $12.49 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The company has a 50-day simple moving average of $265.19 and a 200 day simple moving average of $220.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.01 and a current ratio of 3.65. </p><ul><li>3 Steel Stocks Could Soar on New China Tariffs</li></ul><p>Carpenter Technology (NYSE:CRS - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18. Carpenter Technology had a net margin of 13.07% and a return on equity of 21.50%. The business had revenue of $755.60 million during the quarter, compared to the consensus estimate of $790.73 million. During the same period last year, the business posted $1.82 EPS. Carpenter Technology's revenue was down 5.4% on a year-over-year basis.  Sell-side analysts forecast that  Carpenter Technology will post 6.83 earnings per share for the current year. </p><h2>Insider Buying and Selling</h2><p>In related news, Director Anastasios John Hart sold 1,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $243.72, for a total value of $243,720.00. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by insiders. </p><h2>Hedge Funds Weigh In On Carpenter Technology</h2><ul><li>3 Mid-Cap Momentum Plays to Ride Into Q4</li></ul><p>Hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in  Carpenter Technology during the 1st quarter valued at about $31,000.  IMA Advisory Services Inc. purchased a new position in shares of  Carpenter Technology in the 1st quarter worth approximately $36,000.  MAI Capital Management boosted its stake in shares of  Carpenter Technology by 118.8% in the 2nd quarter. MAI Capital Management now owns 221 shares of the basic materials company's stock worth $61,000 after buying an additional 120 shares during the last quarter.  Bessemer Group Inc. boosted its stake in shares of  Carpenter Technology by 50.3% in the 1st quarter. Bessemer Group Inc. now owns 230 shares of the basic materials company's stock worth $42,000 after buying an additional 77 shares during the last quarter.  Finally, Penserra Capital Management LLC purchased a new position in shares of  Carpenter Technology in the 2nd quarter worth approximately $71,000. Institutional investors and hedge funds own  92.03% of the company's stock. </p><h2>About Carpenter Technology</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Carpenter Technology</li><li>How to Start Investing in Real Estate</li><li>Data Centers Create a Bull Case for These Nuclear 3 Stocks</li><li>Why Invest in High-Yield Dividend Stocks?</li><li>Tesla’s Pennant Just Snapped: Here’s What It Means for the Stock</li><li>How to Calculate Options Profits</li><li>3 Companies That Will Profit From Trump's Semiconductor Tariffs</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNSUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Carpenter Technology Right Now?</h2><p>Before you consider Carpenter Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carpenter Technology wasn't on the list.</p><p>While Carpenter Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Carpenter Technology Corporation (NYSE:CRS) has declared a quarterly dividend of $0.20 per share, payable on September 4th to shareholders of record as of August 26th. This represents an annualized dividend yield of 0.3%. The company has a dividend payout ratio of 8.8%, indicating strong earnings coverage. Recent earnings showed $2.21 EPS, surpassing estimates, with a revenue of $755.60 million, down 5.4% year-over-year. Carpenter Technology operates in specialty metals manufacturing and has a market cap of $12.49 billion.</p>

Carpenter Technology Corporation Plans Quarterly Dividend of $0.20 (NYSE:CRS)