Carlisle Companies Incorporated (CSL) Shares Sold by Jennison Associates LLC
Jennison Associates LLC trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 13.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,253 shares of the conglomerate’s stock after selling 58,065 shares during the quarter. Jennison Associates LLC owned 0.60% of Carlisle Companies worth $37,233,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Carlisle Companies by 0.6% during the second quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock valued at $565,611,000 after buying an additional 35,069 shares during the period. Atlanta Capital Management Co. L L C increased its stake in shares of Carlisle Companies by 12.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock valued at $279,625,000 after buying an additional 320,305 shares during the period. State Street Corp increased its stake in shares of Carlisle Companies by 1.5% during the second quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after buying an additional 38,112 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Carlisle Companies during the second quarter valued at $181,824,000. Finally, Schroder Investment Management Group increased its stake in shares of Carlisle Companies by 42.8% during the second quarter. Schroder Investment Management Group now owns 1,277,655 shares of the conglomerate’s stock valued at $120,202,000 after buying an additional 383,088 shares during the period. Institutional investors and hedge funds own 90.06% of the company’s stock.
Carlisle Companies Incorporated (CSL) traded down $0.78 on Wednesday, reaching $108.32. The company’s stock had a trading volume of 367,500 shares, compared to its average volume of 482,530. Carlisle Companies Incorporated has a 52 week low of $92.09 and a 52 week high of $116.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43. The stock has a market capitalization of $6,763.29, a price-to-earnings ratio of 20.20, a PEG ratio of 1.37 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. research analysts predict that Carlisle Companies Incorporated will post 4.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.37 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.48 annualized dividend and a yield of 1.37%. Carlisle Companies’s dividend payout ratio (DPR) is presently 29.31%.
CSL has been the topic of several research reports. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Carlisle Companies in a research note on Sunday, August 27th. FBR & Co set a $125.00 price target on Carlisle Companies and gave the company a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, BMO Capital Markets restated a “buy” rating and set a $130.00 price target on shares of Carlisle Companies in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $122.33.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of Carlisle Companies stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.12% of the stock is owned by insiders.
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Carlisle Companies Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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