Janney Montgomery Scott LLC Has $1.38 Million Position in Carlisle Companies Incorporated (CSL)
Janney Montgomery Scott LLC boosted its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.0% during the second quarter, Holdings Channel reports. The institutional investor owned 14,408 shares of the conglomerate’s stock after buying an additional 817 shares during the period. Janney Montgomery Scott LLC’s holdings in Carlisle Companies were worth $1,375,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Carlisle Companies by 2,245.8% in the first quarter. BlackRock Inc. now owns 5,977,338 shares of the conglomerate’s stock worth $636,048,000 after buying an additional 5,722,532 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Carlisle Companies during the first quarter worth approximately $69,002,000. Marshall Wace North America L.P. purchased a new stake in Carlisle Companies during the first quarter worth approximately $69,002,000. Schroder Investment Management Group raised its stake in Carlisle Companies by 161.0% in the first quarter. Schroder Investment Management Group now owns 894,567 shares of the conglomerate’s stock worth $95,182,000 after buying an additional 551,884 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Carlisle Companies by 6.8% in the first quarter. Vanguard Group Inc. now owns 5,893,762 shares of the conglomerate’s stock worth $627,155,000 after buying an additional 375,149 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors.
Carlisle Companies Incorporated (NYSE CSL) opened at 94.92 on Friday. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 26.83 and a beta of 0.77. Carlisle Companies Incorporated has a 52 week low of $93.47 and a 52 week high of $116.40. The company’s 50-day moving average is $97.17 and its 200 day moving average is $102.47.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 EPS. On average, analysts forecast that Carlisle Companies Incorporated will post $5.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.56%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s payout ratio is 39.66%.
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A number of equities research analysts have recently commented on CSL shares. Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. BMO Capital Markets reissued a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research note on Thursday, April 20th. Oppenheimer Holdings, Inc. set a $120.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Finally, Robert W. Baird reissued an “outperform” rating on shares of Carlisle Companies in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Carlisle Companies has an average rating of “Hold” and a consensus price target of $122.50.
About Carlisle Companies
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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