New Mexico Educational Retirement Board acquired a new position in Carlisle Companies, Inc. (NYSE:CSL) in the 4th quarter, HoldingsChannel reports. The firm acquired 15,600 shares of the conglomerate’s stock, valued at approximately $1,773,000.
Several other institutional investors also recently modified their holdings of the company. Boston Common Asset Management LLC raised its stake in shares of Carlisle Companies by 5.1% in the fourth quarter. Boston Common Asset Management LLC now owns 74,983 shares of the conglomerate’s stock worth $8,522,000 after purchasing an additional 3,652 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $4,139,000. Daiwa Securities Group Inc. purchased a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $3,453,000. Glenview Trust Co purchased a new stake in shares of Carlisle Companies in the fourth quarter worth approximately $220,000. Finally, California Public Employees Retirement System raised its stake in shares of Carlisle Companies by 2.6% in the fourth quarter. California Public Employees Retirement System now owns 148,982 shares of the conglomerate’s stock worth $16,932,000 after purchasing an additional 3,812 shares during the last quarter. 87.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Carlisle Companies, Inc. (CSL) opened at $107.26 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $6,627.50, a P/E ratio of 20.43, a P/E/G ratio of 1.11 and a beta of 0.79. Carlisle Companies, Inc. has a 52-week low of $92.09 and a 52-week high of $119.21.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. Carlisle Companies’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. research analysts anticipate that Carlisle Companies, Inc. will post 6.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, February 16th. Carlisle Companies’s payout ratio is 25.92%.
Carlisle Companies announced that its Board of Directors has approved a share buyback plan on Tuesday, February 6th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several analysts have recently commented on CSL shares. B. Riley reissued a “buy” rating and issued a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. SunTrust Banks increased their price objective on Carlisle Companies to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Robert W. Baird increased their price objective on Carlisle Companies from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target 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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