Engineers Gate Manager LP Invests $1.80 Million in Carpenter Technology Corporation $CRS

Posted by George Bondi on Sep 16th, 2026

Engineers Gate Manager LP bought a new position in shares of Carpenter Technology Corporation (NYSE:CRS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,916 shares of the basic materials company’s stock, valued at approximately $1,799,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new position in Carpenter Technology in the 2nd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Carpenter Technology during the 1st quarter valued at approximately $30,000. SJS Investment Consulting Inc. grew its holdings in Carpenter Technology by 81.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock valued at $32,000 after buying an additional 36 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of Carpenter Technology during the second quarter valued at approximately $55,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Carpenter Technology during the second quarter valued at approximately $56,000. Institutional investors own 92.03% of the company’s stock.

Insider Buying and Selling at Carpenter Technology

In other news, Director Steven Karol sold 3,275 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $474.08, for a total value of $1,552,612.00. Following the completion of the sale, the director directly owned 177,000 shares of the company’s stock, valued at $83,912,160. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Thene sold 57,456 shares of Carpenter Technology stock in a transaction that occurred on Tuesday, August 25th. The stock was 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 of the company’s stock, valued at approximately $212,737,440.90. This trade represents a 11.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 112,996 shares of company stock worth $54,644,436 over the last ninety days. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Susquehanna dropped their target price on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating for the company in a research report on Friday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Carpenter Technology in a report on Monday, August 31st. BTIG Research boosted their price target on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. KeyCorp dropped their price objective on shares of Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $577.25.

View Our Latest Analysis on Carpenter Technology

Carpenter Technology Trading Down 1.1%

Shares of CRS opened at $415.72 on Wednesday. The company’s fifty day moving average is $523.71 and its 200 day moving average is $480.88. Carpenter Technology Corporation has a fifty-two week low of $228.00 and a fifty-two week high of $625.98. The stock has a market capitalization of $20.60 billion, a PE ratio of 39.52, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.23 and a current ratio of 3.81.

Carpenter Technology (NYSE:CRS – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $863.33 million. During the same period last year, the company posted $2.21 EPS. The business’s revenue was up 12.6% on a year-over-year basis. Sell-side analysts expect that Carpenter Technology Corporation will post 13.28 earnings per share for the current fiscal year.

Carpenter Technology Announces Dividend

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

Carpenter Technology Profile

(Free Report)

Carpenter Technology Corporation is a manufacturer of premium specialty alloys and engineered materials for demanding applications. The company develops and produces stainless steels, nickel- and cobalt-based alloys, titanium, powder metals, and other high-performance materials designed to withstand extreme temperatures, corrosion, wear, and stress.

Its products are used in the aerospace and defense, medical, energy, transportation, industrial, and consumer sectors. Carpenter also provides specialty manufacturing capabilities, including additive manufacturing powders, precision-engineered components, and materials tailored to specific customer requirements.