Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in Carpenter Technology Corporation $CRS

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Carpenter Technology Corporation (NYSE:CRS - Free Report) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,330 shares of the basic materials company's stock after selling 11,556 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Carpenter Technology worth $13,910,000 at the end of the most recent reporting period.3 Materials Stocks Everyone Is Talking About Right NowOther hedge funds and other institutional investors have also recently modified their holdings of the company. Radnor Capital Management LLC increased its holdings in Carpenter Technology by 3.3% during the second quarter. Radnor Capital Management LLC now owns 1,240 shares of the basic materials company's stock valued at $343,000 after buying an additional 40 shares during the period. ANB Bank increased its holdings in shares of Carpenter Technology by 3.3% in the 2nd quarter. ANB Bank now owns 1,304 shares of the basic materials company's stock valued at $360,000 after acquiring an additional 42 shares during the period. KLP Kapitalforvaltning AS increased its holdings in shares of Carpenter Technology by 1.1% in the 1st quarter. KLP Kapitalforvaltning AS now owns 9,600 shares of the basic materials company's stock valued at $1,739,000 after acquiring an additional 100 shares during the period. Gabelli Funds LLC raised its position in shares of Carpenter Technology by 1.0% in the 1st quarter. Gabelli Funds LLC now owns 10,600 shares of the basic materials company's stock worth $1,921,000 after acquiring an additional 100 shares in the last quarter. Finally, Tlwm lifted its stake in shares of Carpenter Technology by 1.1% during the 2nd quarter. Tlwm now owns 10,274 shares of the basic materials company's stock worth $2,840,000 after purchasing an additional 109 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors. Get Carpenter Technology alerts:Carpenter Technology Stock PerformanceShares of Carpenter Technology stock opened at $324.09 on Thursday. The company has a 50 day moving average price of $274.34 and a 200 day moving average price of $259.31. The firm has a market capitalization of $16.15 billion, a P/E ratio of 39.62, a PEG ratio of 1.41 and a beta of 1.47. The company has a quick ratio of 2.37, a current ratio of 4.44 and a debt-to-equity ratio of 0.36. Carpenter Technology Corporation has a 52 week low of $138.61 and a 52 week high of $342.11. 3 Steel Stocks Could Soar on New China TariffsCarpenter Technology (NYSE:CRS - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $2.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.30. The business had revenue of $733.70 million for the quarter, compared to analyst estimates of $741.18 million. Carpenter Technology had a net margin of 14.30% and a return on equity of 22.68%. Carpenter Technology's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 EPS. Sell-side analysts expect that Carpenter Technology Corporation will post 6.83 EPS for the current year. Carpenter Technology Dividend AnnouncementThe company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Tuesday, October 21st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 21st. Carpenter Technology's dividend payout ratio is presently 9.78%. Analyst Upgrades and Downgrades3 Mid-Cap Momentum Plays to Ride Into Q4A number of brokerages have commented on CRS. Deutsche Bank Aktiengesellschaft set a $425.00 target price on shares of Carpenter Technology and gave the stock a "buy" rating in a report on Friday, October 24th. Cowen reaffirmed a "buy" rating on shares of Carpenter Technology in a research report on Friday, November 14th. JPMorgan Chase & Co. increased their target price on shares of Carpenter Technology from $305.00 to $388.00 and gave the company an "overweight" rating in a research report on Wednesday, October 29th. Jones Trading began coverage on shares of Carpenter Technology in a research note on Wednesday, October 22nd. They issued a "buy" rating and a $400.00 target price for the company. Finally, BTIG Research upped their price target on Carpenter Technology from $305.00 to $365.00 and gave the stock a "buy" rating in a research report on Monday, October 27th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $371.14.Check Out Our Latest Research Report on CRSInsider Transactions at Carpenter TechnologyIn related news, Director Steven E. Karol sold 3,433 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $245.78, for a total value of $843,762.74. Following the completion of the transaction, the director owned 180,000 shares in the company, valued at $44,240,400. This trade represents a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.90% of the stock is owned by company insiders. Carpenter Technology Company Profile (Free Report)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.Read MoreFive stocks we like better than Carpenter TechnologyUsing the MarketBeat Dividend Tax Calculatoronsemi Places a $6 Billion Bet on Its Own StockWhat is the Nasdaq? Complete Overview with HistoryHIMS Has Been a Roller Coaster Ride. Should Investors Hop On?How to Profit From Growth Investing End the Year Strong With These 3 Comeback ChampionsWant to see what other hedge funds are holding CRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carpenter Technology Corporation (NYSE:CRS - Free Report).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.Should You Invest $1,000 in Carpenter Technology Right Now?Before you consider Carpenter Technology, you'll want to hear this.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. 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