Carlisle Companies, Inc. (CSL) Position Reduced by Janus Henderson Group PLC
Janus Henderson Group PLC reduced its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 4.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,077,866 shares of the conglomerate’s stock after selling 208,565 shares during the quarter. Janus Henderson Group PLC owned approximately 6.85% of Carlisle Companies worth $496,684,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Fort L.P. bought a new stake in Carlisle Companies during the second quarter worth $122,000. First Mercantile Trust Co. bought a new stake in Carlisle Companies during the second quarter worth $136,000. Heartland Advisors Inc. bought a new stake in Carlisle Companies during the third quarter worth $222,000. Natixis bought a new stake in Carlisle Companies during the second quarter worth $229,000. Finally, Fox Run Management L.L.C. bought a new stake in Carlisle Companies during the third quarter worth $241,000. Institutional investors and hedge funds own 87.07% of the company’s stock.
CSL has been the topic of several research reports. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research note on Sunday. Longbow Research upgraded Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 target price on the stock in a research note on Tuesday, November 13th. BMO Capital Markets lowered their target price on Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 31st. B. Riley set a $130.00 target price on Carlisle Companies and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, ValuEngine lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Carlisle Companies currently has a consensus rating of “Buy” and an average price target of $128.50.
Shares of CSL opened at $103.30 on Tuesday. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.25 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.55 and a current ratio of 3.27. Carlisle Companies, Inc. has a 1 year low of $92.16 and a 1 year high of $129.47.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. Carlisle Companies’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.37 earnings per share. Research analysts anticipate that Carlisle Companies, Inc. will post 5.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.93%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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