Blue Bell Private Wealth Management Lowers stake in Carpenter Technology Corporation (CRS)

Carpenter Technology Corporation (CRS) : Blue Bell Private Wealth Management reduced its stake in Carpenter Technology Corporation by 15.52% during the most recent quarter end. The investment management company now holds a total of 1,089 shares of Carpenter Technology Corporation which is valued at $41,338 after selling 200 shares in Carpenter Technology Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Carpenter Technology Corporation makes up approximately 0.02% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in CRS by selling 4 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 98 shares of CRS which is valued at $3,745. Parametrica Management Ltd added CRS to its portfolio by purchasing 9,115 company shares during the most recent quarter which is valued at $348,284. Carpenter Technology Corporation makes up approx 0.99% of Parametrica Management Ltd’s portfolio.First National Bank Of Omaha boosted its stake in CRS in the latest quarter, The investment management firm added 1,715 additional shares and now holds a total of 14,465 shares of Carpenter Technology Corporation which is valued at $575,562. Carpenter Technology Corporation makes up approx 0.05% of First National Bank Of Omaha’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in CRS by selling 679 shares or 4.05% in the most recent quarter. The Hedge Fund company now holds 16,073 shares of CRS which is valued at $661,725. Carpenter Technology Corporation makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.

Carpenter Technology Corporation closed down -0.25 points or -0.65% at $37.96 with 1,95,102 shares getting traded on Friday. Post opening the session at $38.59, the shares hit an intraday low of $37.78 and an intraday high of $38.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Carpenter Technology Corporation reported $0.35 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $454.00 million. The company’s revenue was down -18.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.

Investors should note that on Oct 12, 2016, Carpenter Technology Corporation announced a cash dividend of $0.1800. The company’s management has announced Oct 21, 2016 as the ex-dividend date and fixed the record date on Oct 25, 2016. The payable date has been fixed on Dec 1, 2016.

Many Wall Street Analysts have commented on Carpenter Technology Corporation. Seaport Global Securities Initiated Carpenter Technology Corporation on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $38.

Carpenter Technology Corporation is engaged in the manufacture fabrication and distribution of specialty metals. It develops manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense energy transportation medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) comprises company’s alloy and stainless steel manufacturing operations and Performance Engineered Products (PEP) comprises company’s differentiated operations which include Dynamet titanium business Carpenter Powder Products business Amega West business Specialty Steel Supply business and Latrobe and Mexico distribution businesses. Its product line includes Special alloys Stainless steels Titanium products Powder metals and Alloy and tool steel.

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