Carnegie Investment Counsel Has $12.13 Million Stock Holdings in Masco Co. (NYSE:MAS)

Carnegie Investment Counsel trimmed its position in shares of Masco Co. (NYSE:MAS) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,476 shares of the construction company’s stock after selling 254 shares during the period. Carnegie Investment Counsel owned about 0.07% of Masco worth $12,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after buying an additional 721,117 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Masco by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,830,723 shares of the construction company’s stock valued at $655,414,000 after acquiring an additional 181,515 shares during the last quarter. Van ECK Associates Corp grew its position in Masco by 0.3% in the second quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock worth $194,985,000 after acquiring an additional 9,094 shares in the last quarter. Impax Asset Management Group plc increased its stake in shares of Masco by 10.0% during the 2nd quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock worth $190,347,000 after purchasing an additional 259,205 shares during the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Masco by 16.6% during the 1st quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock valued at $177,136,000 after purchasing an additional 319,029 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Wells Fargo & Company increased their price objective on Masco from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Royal Bank of Canada raised their price objective on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group upped their target price on Masco from $89.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.58.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the transaction, the vice president now owns 36,980 shares of the company’s stock, valued at $2,896,273.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Masco Stock Performance

NYSE:MAS opened at $83.49 on Friday. Masco Co. has a 52-week low of $47.66 and a 52-week high of $84.69. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.64 and a beta of 1.24. The firm’s 50-day moving average is $79.33 and its 200-day moving average is $73.85. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. Equities research analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, August 2nd. Masco’s dividend payout ratio is 28.36%.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.