Janus Henderson Group PLC Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Janus Henderson Group PLC reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,699 shares of the conglomerate's stock after selling 14,597 shares during the period. Janus Henderson Group PLC owned 0.56% of Carlisle Companies worth $92,836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. Invesco Ltd. grew its stake in shares of Carlisle Companies by 2.2% in the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock worth $502,239,000 after buying an additional 29,799 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after acquiring an additional 17,206 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after acquiring an additional 34,021 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after acquiring an additional 538,990 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Carlisle Companies in the 4th quarter worth about $208,095,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 2.0%

Shares of Carlisle Companies stock traded up $7.85 during trading on Friday, hitting $408.73. The stock had a trading volume of 318,557 shares, compared to its average volume of 393,816. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The firm's fifty day simple moving average is $356.27 and its 200-day simple moving average is $381.28. The stock has a market cap of $17.68 billion, a PE ratio of 14.79, a PEG ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $3.72 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio is currently 14.89%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CSL shares. Truist Financial cut their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock 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.