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Carpenter Technology Corp. (NYSE:CRS) announced a quarterly dividend on Wednesday, January 29th, Stock Ratings Network reports. Shareholders of record on Tuesday, February 11th will be paid a dividend of 0.18 per share on Thursday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, February 7th.

CRS has been the subject of a number of recent research reports. Analysts at Buckingham Research raised their price target on shares of Carpenter Technology Corp. to $78.00 in a research note to investors on Friday, January 17th. Analysts at Zacks upgraded shares of Carpenter Technology Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $62.90 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Carpenter Technology Corp. presently has an average rating of “Hold” and an average price target of $64.98.

Carpenter Technology Corp. (NYSE:CRS) traded up 0.05% during mid-day trading on Wednesday, hitting $58.41. The stock had a trading volume of 486,786 shares. Carpenter Technology Corp. has a 52-week low of $43.30 and a 52-week high of $62.95. The stock has a 50-day moving average of $60.8 and a 200-day moving average of $58.13. The company has a market cap of $3.094 billion and a P/E ratio of 22.04.

Carpenter Technology Corporation (NYSE:CRS), is engaged in the manufacturing, fabrication and distribution of specialty metals.

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