Commerce Bank Buys New Stake in Carpenter Technology Corporation $CRS

Posted by Francis Steltz on Aug 27th, 2026

Commerce Bank bought a new stake in shares of Carpenter Technology Corporation (NYSE:CRS – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,694 shares of the basic materials company’s stock, valued at approximately $1,045,000.

Several other hedge funds also recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC raised its holdings in shares of Carpenter Technology by 1.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,148 shares of the basic materials company’s stock worth $708,000 after acquiring an additional 19 shares during the last quarter. Meeder Advisory Services Inc. boosted its stake in shares of Carpenter Technology by 3.7% during the fourth quarter. Meeder Advisory Services Inc. now owns 889 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 32 shares during the last quarter. Abel Hall LLC boosted its stake in shares of Carpenter Technology by 3.2% during the fourth quarter. Abel Hall LLC now owns 1,019 shares of the basic materials company’s stock valued at $321,000 after acquiring an additional 32 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Carpenter Technology by 0.3% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 11,146 shares of the basic materials company’s stock valued at $3,509,000 after acquiring an additional 34 shares during the last quarter. Finally, Essential Partners LLC increased its position in Carpenter Technology by 9.9% during the 1st quarter. Essential Partners LLC now owns 378 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Insider Transactions at Carpenter Technology

In related news, 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 directly owned 1,953 shares in the company, valued at approximately $963,121.95. The trade was a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRS shares. BTIG Research boosted their target price on shares of Carpenter Technology from $450.00 to $620.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price target on shares of Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of Carpenter Technology from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. KeyCorp cut their price objective on shares of Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carpenter Technology currently has an average rating of “Buy” and a consensus target price of $577.25.

Read Our Latest Stock Analysis on Carpenter Technology

Carpenter Technology Stock Down 0.6%

Shares of NYSE:CRS opened at $483.19 on Thursday. The stock’s 50-day moving average price is $561.77 and its two-hundred day moving average price is $472.72. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. Carpenter Technology Corporation has a 12-month low of $228.00 and a 12-month high of $625.98. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 45.93, a PEG ratio of 1.74 and a beta of 1.25.

Carpenter Technology (NYSE:CRS – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating the consensus estimate of $3.09 by $0.14. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company had revenue of $679.70 million during the quarter, compared to analysts’ expectations of $863.33 million. During the same quarter in the previous year, the business earned $2.21 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. On average, research analysts forecast that Carpenter Technology Corporation will post 13.08 EPS for the current year.

Carpenter Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 25th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. Carpenter Technology’s dividend payout ratio (DPR) is currently 7.60%.

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