<div id="readability-page-1"><p>XML Financial LLC decreased its position in shares of  Carpenter Technology Corporation (NYSE:CRS - Free Report) by 49.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 9,410 shares of the basic materials company's stock after selling 9,150 shares during the period. XML Financial LLC's holdings in Carpenter Technology were worth $2,311,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Carpenter Technology</strong> alerts:</span></p></div><ul><li>AI Fatigue? These 3 Analyst-Upgraded Stocks Offer Real Growth Potential</li></ul><p>A number of other hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. raised its holdings in shares of  Carpenter Technology by 43.3% during the 2nd quarter. Prudential Financial Inc. now owns 56,082 shares of the basic materials company's stock worth $15,500,000 after acquiring an additional 16,954 shares in the last quarter.  Schroder Investment Management Group increased its position in  Carpenter Technology by 11.1% in the second quarter. Schroder Investment Management Group now owns 57,625 shares of the basic materials company's stock worth $15,926,000 after purchasing an additional 5,757 shares during the last quarter.  Y Intercept Hong Kong Ltd bought a new stake in  Carpenter Technology in the second quarter worth $1,460,000.  Hancock Whitney Corp purchased a new stake in  Carpenter Technology during the first quarter valued at $819,000.  Finally, Whitaker Myers Wealth Managers LTD. bought a new position in  Carpenter Technology during the third quarter valued at $797,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts have recently weighed in on the stock. TD Cowen boosted their target price on shares of Carpenter Technology from $305.00 to $340.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, October 24th. Weiss Ratings  reiterated a &#34;buy (b)&#34; rating on shares of Carpenter Technology in a research report on Thursday, October 30th. KeyCorp raised Carpenter Technology from a &#34;sector weight&#34; rating to an &#34;overweight&#34; rating and set a $380.00 price objective on the stock in a research note on Thursday, November 13th. Cowen  reaffirmed a &#34;buy&#34; rating on shares of Carpenter Technology in a research note on Friday, November 14th. Finally, Zacks Research cut Carpenter Technology from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Wednesday, October 1st. Nine equities research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $371.14.</p><ul><li>3 Materials Stocks Everyone Is Talking About Right Now</li></ul><p><b>Read Our Latest Research Report on Carpenter Technology</b></p><h2>Insiders Place Their Bets</h2><p>In other news, VP Elizabeth A. Socci sold 3,900 shares of Carpenter Technology stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $321.25, for a total transaction of $1,252,875.00. Following the completion of the sale, the vice president directly owned 9,594 shares in the company, valued at approximately $3,082,072.50. This trade represents a 28.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, COO Brian J. Malloy sold 4,130 shares of the business's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $303.52, for a total transaction of $1,253,537.60. Following the sale, the chief operating officer directly owned 78,875 shares of the company's stock, valued at $23,940,140. This represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 79,358 shares of company stock worth $24,254,008. Insiders own  2.90% of the company's stock. </p><h2>Carpenter Technology Stock Performance</h2><ul><li>3 Steel Stocks Could Soar on New China Tariffs</li></ul><p>Carpenter Technology stock opened at $314.75 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.44 and a quick ratio of 2.37. The firm has a market capitalization of $15.68 billion, a P/E ratio of 38.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.31. Carpenter Technology Corporation has a 1-year low of $138.61 and a 1-year high of $342.11. The company's 50-day moving average is $318.94 and its 200 day moving average is $277.30. </p><p>Carpenter Technology (NYSE:CRS - Get Free Report) last released its earnings results on Thursday, October 23rd. The basic materials company reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.13 by $0.30. Carpenter Technology had a return on equity of 22.68% and a net margin of 14.30%.The firm had revenue of $733.70 million for the quarter, compared to analysts' expectations of $741.18 million. During the same quarter in the prior year, the firm posted $1.73 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis.  Research analysts forecast that  Carpenter Technology Corporation will post 6.83 EPS for the current year. </p><h2>Carpenter Technology Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Tuesday, October 21st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, October 21st. Carpenter Technology's dividend payout ratio  is 9.78%. </p><h2>Carpenter Technology Profile</h2> (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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Carpenter Technology</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Do not delete, read immediately</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li></ul><p><strong>Want to see what other hedge funds are holding CRS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carpenter Technology Corporation (NYSE:CRS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.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 reporting and unbiased coverage. 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>XML Financial LLC has reduced its stake in Carpenter Technology Corporation (NYSE:CRS) by 49.3%, selling 9,150 shares in Q3, leaving it with 9,410 shares valued at $2.31 million. Other hedge funds have also adjusted their positions, with Prudential Financial increasing its holdings by 43.3%. Analysts have mixed ratings on the stock, with a consensus price target of $371.14. Insiders have sold significant shares recently, and Carpenter Technology's stock performance shows a market cap of $15.68 billion and a P/E ratio of 38.48.</p>

XML Financial LLC Sells 9,150 Shares of Carpenter Technology Corporation $CRS