Oakbrook Investments LLC acquired a new position in Carlisle Companies, Inc. (NYSE:CSL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,250 shares of the conglomerate’s stock, valued at approximately $597,000.
Other large investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of Carlisle Companies during the 3rd quarter valued at approximately $100,000. Toronto Dominion Bank bought a new position in shares of Carlisle Companies during the 3rd quarter valued at approximately $126,000. Marble Harbor Investment Counsel LLC bought a new position in shares of Carlisle Companies during the 3rd quarter valued at approximately $201,000. Creative Planning bought a new position in shares of Carlisle Companies during the 4th quarter valued at approximately $221,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Carlisle Companies by 3.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 75 shares during the last quarter. 88.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carlisle Companies, Inc. (NYSE:CSL) traded up $0.12 during trading hours on Wednesday, reaching $105.91. The company had a trading volume of 512,470 shares, compared to its average volume of 532,867. Carlisle Companies, Inc. has a 12 month low of $92.09 and a 12 month high of $119.21. The firm has a market cap of $6,500.45, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.07 and a beta of 0.79. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. equities analysts predict that Carlisle Companies, Inc. will post 6.14 earnings per share for the current fiscal year.
Carlisle Companies announced that its Board of Directors has approved a share repurchase program on Tuesday, February 6th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s dividend payout ratio is presently 25.92%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a report on Monday. SunTrust Banks reiterated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a report on Friday, February 9th. Robert W. Baird lowered their target price on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 9th. Finally, B. Riley set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $124.63.
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Carlisle Companies Profile
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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