Carpenter Technology Corporation(CRS) Declares Dividend of $0.1800.

Carpenter Technology Corporation (CRS) had declared a cash dividend of $0.1800 on Jan 25, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 1.79%. The dividend payable date has been fixed on Mar 2, 2017.

In a different note, Deutsche Bank said it Initiates Coverage On Carpenter Technology Corporation, according to a research note issued on Dec 19, 2016. In the research note, the firm Announces the price-target to $35 per share. The shares have been rated ‘Hold’ by the firm.

Carpenter Technology Corporation (CRS) shares turned negative on Tuesdays trading session with the shares closing down -0.84 points or -1.95% at a volume of 3,31,594. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.57. The peak price level was also seen at $43.57 while the days lowest was $41.95. Finally the shares closed at $42.15. The 52-week high of the shares is $45.335 while the 52-week low is $25.34. According to the latest information available, the market cap of the company is $1,969 M.

Carpenter Technology Corporation(CRS) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $427.400M. Analysts had an estimated revenue of $412.500M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Gregory A Pratt (director) sold 10,358 shares at $38.78 per share price.

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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