Janney Montgomery Scott LLC Has $7.51 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Janney Montgomery Scott LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSLGet Rating) by 344.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,773 shares of the conglomerate’s stock after purchasing an additional 20,754 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carlisle Companies were worth $7,507,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Bishop Rock Capital L.P. acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $22,818,000. FMR LLC grew its position in shares of Carlisle Companies by 12.2% during the 2nd quarter. FMR LLC now owns 994,106 shares of the conglomerate’s stock worth $237,205,000 after buying an additional 108,303 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Carlisle Companies by 5.5% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 584,323 shares of the conglomerate’s stock worth $139,425,000 after buying an additional 30,600 shares during the period. Inverness Counsel LLC NY grew its position in shares of Carlisle Companies by 5.3% during the 2nd quarter. Inverness Counsel LLC NY now owns 552,151 shares of the conglomerate’s stock worth $131,749,000 after buying an additional 27,954 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Carlisle Companies by 51.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 416,968 shares of the conglomerate’s stock worth $116,922,000 after buying an additional 141,488 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. StockNews.com initiated coverage on Carlisle Companies in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Robert W. Baird lifted their price objective on Carlisle Companies from $325.00 to $330.00 in a report on Tuesday, October 11th. Finally, Credit Suisse Group cut their price objective on Carlisle Companies from $363.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday, October 31st.

Carlisle Companies Trading Up 2.9 %

NYSE CSL opened at $236.63 on Monday. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.64 and a beta of 0.95. The stock’s 50 day moving average price is $243.57 and its two-hundred day moving average price is $268.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.27 and a current ratio of 1.79. Carlisle Companies Incorporated has a 52 week low of $211.06 and a 52 week high of $318.71.

Carlisle Companies (NYSE:CSLGet Rating) last released its earnings results on Thursday, October 27th. The conglomerate reported $5.66 EPS for the quarter, beating the consensus estimate of $5.39 by $0.27. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Carlisle Companies had a return on equity of 35.77% and a net margin of 13.48%. As a group, analysts anticipate that Carlisle Companies Incorporated will post 19.95 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, November 16th. Carlisle Companies’s payout ratio is 18.04%.

Carlisle Companies Profile

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Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

Further Reading

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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