State of Wisconsin Investment Board lowered its stake in shares of Carlisle Companies, Inc. (NYSE:CSL) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,038 shares of the conglomerate’s stock after selling 6,814 shares during the quarter. State of Wisconsin Investment Board’s holdings in Carlisle Companies were worth $18,870,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock worth $233,000 after buying an additional 75 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Carlisle Companies by 0.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 70,705 shares of the conglomerate’s stock worth $8,036,000 after purchasing an additional 545 shares during the last quarter. Barrett Asset Management LLC lifted its stake in Carlisle Companies by 14.5% during the third quarter. Barrett Asset Management LLC now owns 5,202 shares of the conglomerate’s stock worth $522,000 after purchasing an additional 660 shares during the last quarter. Kwmg LLC lifted its stake in Carlisle Companies by 6.5% during the third quarter. Kwmg LLC now owns 15,948 shares of the conglomerate’s stock worth $1,599,000 after purchasing an additional 978 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Carlisle Companies during the third quarter worth $100,000. 87.39% of the stock is owned by institutional investors and hedge funds.
Shares of Carlisle Companies, Inc. (NYSE:CSL) opened at $104.94 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6,518.75, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79. Carlisle Companies, Inc. has a one year low of $92.09 and a one year high of $119.21.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 last year, the business posted $1.32 earnings per share. equities research analysts anticipate that Carlisle Companies, Inc. will post 6.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s payout ratio is 25.92%.
Carlisle Companies announced that its board has initiated a share repurchase plan on Tuesday, February 6th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Several brokerages recently issued reports on CSL. B. Riley restated a “buy” rating and set a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Robert W. Baird reduced their price objective on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. Finally, SunTrust Banks raised their price objective on Carlisle Companies to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $124.63.
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About Carlisle Companies
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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