Janus Henderson Group PLC Cuts Position in Carlisle Companies Incorporated (NYSE:CSL)

Janus Henderson Group PLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,699 shares of the conglomerate’s stock after selling 14,597 shares during the period. Janus Henderson Group PLC owned about 0.56% of Carlisle Companies worth $92,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC raised its holdings in shares of Carlisle Companies by 31.3% during the third quarter. Barclays PLC now owns 60,920 shares of the conglomerate’s stock valued at $27,399,000 after acquiring an additional 14,526 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after acquiring an additional 145 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Carlisle Companies by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate’s stock valued at $1,527,000 after acquiring an additional 43 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $872,000. Finally, Oak Thistle LLC acquired a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $615,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 2.8%

Shares of Carlisle Companies stock opened at $401.17 on Tuesday. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a 50 day moving average of $352.40 and a 200 day moving average of $381.16.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $3.72 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CSL. The Goldman Sachs Group dropped their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird upped their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. StockNews.com upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Truist Financial dropped their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $454.00.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.