Empowered Funds LLC Takes $8.97 Million Position in Carpenter Technology Corporation $CRS

Empowered Funds LLC acquired a new stake in shares of Carpenter Technology Corporation (NYSE:CRS) in the second quarter, HoldingsChannel reports. The institutional investor acquired 14,538 shares of the basic materials company’s stock, valued at approximately $8,968,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC bought a new position in shares of Carpenter Technology in the second quarter worth approximately $650,000. Dearborn Partners LLC purchased a new position in shares of Carpenter Technology during the 2nd quarter valued at $2,190,000. Public Employees Retirement System of Ohio bought a new position in Carpenter Technology in the 2nd quarter worth $8,864,000. Capstone Investment Advisors LLC purchased a new stake in Carpenter Technology in the 2nd quarter worth $2,302,000. Finally, Proficio Capital Partners LLC purchased a new stake in Carpenter Technology in the 2nd quarter worth $924,000. 92.03% of the stock is owned by hedge funds and other institutional investors.

More Carpenter Technology News

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

• Positive Sentiment: Zacks Research raised EPS forecasts across multiple periods, including FY2027 to $12.80 from $12.75, FY2028 to $15.08 from $14.99, and FY2029 to $18.44 from $18.31. Quarterly estimates were also increased modestly, with projections of $2.91 for Q1 2027, $2.98 for Q2 2027, $3.34 for Q3 2027, and $3.58 for Q4 2027. Zacks maintained its “Strong-Buy” rating.
• Positive Sentiment: The higher forecasts suggest analysts see continued earnings growth for Carpenter Technology, with projected EPS rising from $12.80 in FY2027 to $18.44 in FY2029. That improving outlook could support the stock over a longer time horizon.
• Neutral Sentiment: The estimate increases were small—generally one to three cents per share—so they may not be large enough to trigger immediate buying. The current-year consensus remains $13.08 per share.
• Negative Sentiment: CRS has recently traded below its 50-day moving average, indicating near-term technical pressure. At roughly 45 times earnings, the stock also carries a demanding valuation, which can make investors more sensitive to profit-taking or modest changes in expectations.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. TD Cowen increased their price objective on shares of Carpenter Technology from $470.00 to $650.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wall Street Zen cut shares of Carpenter Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. KeyCorp decreased their target price on Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price objective on Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Carpenter Technology presently has a consensus rating of “Buy” and a consensus target price of $577.25.

Carpenter Technology Price Performance

NYSE CRS opened at $477.32 on Friday. The company has a market cap of $23.66 billion, a PE ratio of 45.37, a P/E/G ratio of 1.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81. The firm’s 50 day moving average price is $557.70 and its 200-day moving average price is $473.62. Carpenter Technology Corporation has a 52-week low of $228.00 and a 52-week high of $625.98.

Carpenter Technology (NYSE:CRS) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. Carpenter Technology had a net margin of 16.96% and a return on equity of 26.46%. The business had revenue of $679.70 million for the quarter, compared to analysts’ expectations of $863.33 million. During the same period last year, the business earned $2.21 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. Sell-side analysts forecast that Carpenter Technology Corporation will post 13.09 EPS for the current fiscal year.

Carpenter Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 25th. This represents a $0.80 dividend on an annualized basis and a yield of 0.2%. Carpenter Technology’s dividend payout ratio is presently 7.60%.

Insider Activity

In other Carpenter Technology news, CEO Tony R. Thene sold 57,456 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total value of $27,802,958.40. Following the completion of the transaction, the chief executive officer owned 439,631 shares in the company, valued at approximately $212,737,440.90. This represents a 11.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ramin Younessi sold 438 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $493.15, for a total value of $215,999.70. Following the completion of the sale, the director owned 1,953 shares of the company’s stock, valued at $963,121.95. This trade represents a 18.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 109,721 shares of company stock worth $53,091,824. Company insiders own 2.90% of the company’s stock.

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. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.