Carpenter Technology Corporation (NYSE:CRS) Shares Set to Pay Quarterly Dividend of $0.20

Posted by Brian Himes on Oct 9th, 2026

Carpenter Technology Corporation (NYSE:CRS – Get Free Report) declared a quarterly dividend on Friday, October 9th. Investors of record on Tuesday, October 20th will be given a dividend of $0.20 per share by the basic materials company on Thursday, December 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, October 20th.

Carpenter Technology has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carpenter Technology to earn $15.71 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 5.1%.

Carpenter Technology Stock Down 0.1%

Shares of NYSE CRS traded down $0.56 during trading on Friday, hitting $386.55. 608,569 shares of the company traded hands, compared to its average volume of 766,914. 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 business’s fifty day moving average is $464.33 and its 200 day moving average is $481.56. The firm has a market capitalization of $19.16 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 1.38 and a beta of 1.29. Carpenter Technology has a fifty-two week low of $233.77 and a fifty-two week high of $625.98.

Carpenter Technology (NYSE:CRS – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share (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 firm had revenue of $679.70 million for the quarter, compared to the consensus estimate of $863.33 million. During the same period in the previous year, the firm earned $2.21 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities research analysts predict that Carpenter Technology will post 13.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CRS shares. KeyCorp cut their target price on Carpenter Technology from $608.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday. TD Cowen reduced their price objective on shares of Carpenter Technology from $650.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Carpenter Technology from $540.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 30th. Wall Street Zen upgraded Carpenter Technology from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, BTIG Research increased their price target on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $526.88.

Check Out Our Latest Stock Analysis on Carpenter Technology

Carpenter Technology Company Profile

(Get Free Report)

Carpenter Technology Corporation is a manufacturer of specialty metals and engineered products for applications that require high performance, durability, and resistance to extreme conditions. Founded in 1889, the company produces stainless steels, nickel- and cobalt-based alloys, titanium alloys, and other specialty materials.

Its product offerings include specialty wire, rod, bar, strip, billet, and powder, as well as precision-engineered components and additive-manufacturing materials.