Carlisle Companies (NYSE:CSL) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Carlisle Companies (NYSE:CSL) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 522,768 shares of the conglomerate’s stock after purchasing an additional 4,478 shares during the quarter. Geode Capital Management LLC owned 0.84% of Carlisle Companies worth $59,412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Carlisle Companies by 42.1% in the 3rd quarter. Aperio Group LLC now owns 17,578 shares of the conglomerate’s stock worth $1,763,000 after acquiring an additional 5,209 shares in the last quarter. Sei Investments Co. grew its stake in shares of Carlisle Companies by 18.1% in the 3rd quarter. Sei Investments Co. now owns 27,501 shares of the conglomerate’s stock valued at $2,758,000 after buying an additional 4,215 shares during the period. New York State Common Retirement Fund grew its stake in shares of Carlisle Companies by 18.3% in the 3rd quarter. New York State Common Retirement Fund now owns 235,941 shares of the conglomerate’s stock valued at $23,663,000 after buying an additional 36,500 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $126,000. Finally, Rhumbline Advisers grew its stake in shares of Carlisle Companies by 13.8% in the 3rd quarter. Rhumbline Advisers now owns 146,285 shares of the conglomerate’s stock valued at $14,671,000 after buying an additional 17,706 shares during the period. Institutional investors own 88.01% of the company’s stock.

NYSE CSL traded down $5.07 during trading on Friday, hitting $98.32. 1,273,451 shares of the company’s stock traded hands, compared to its average volume of 487,625. The firm has a market cap of $6,340.80, a price-to-earnings ratio of 17.78, a PEG ratio of 1.06 and a beta of 0.85. The company has a quick ratio of 1.73, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies has a 12-month low of $92.09 and a 12-month high of $119.21.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, beating the consensus estimate of $0.97 by $0.20. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.53%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. equities analysts expect that Carlisle Companies will post 6.05 earnings per share for the current fiscal year.

Carlisle Companies announced that its board has approved a share buyback plan on Tuesday, February 6th that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

A number of research firms have issued reports on CSL. BMO Capital Markets cut their price target on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday. B. Riley set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Friday, February 9th. Robert W. Baird lowered their price target on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a report on Friday, February 9th. Finally, Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Carlisle Companies has an average rating of “Buy” and a consensus price target of $123.38.

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Carlisle Companies Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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

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