LPL Financial LLC lowered its position in shares of Carlisle Companies (NYSE:CSL) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,494 shares of the conglomerate’s stock after selling 577 shares during the quarter. LPL Financial LLC’s holdings in Carlisle Companies were worth $397,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Crestline Management LP acquired a new position in Carlisle Companies during the 4th quarter worth approximately $1,615,000. Flinton Capital Management LLC boosted its position in Carlisle Companies by 413.5% during the 4th quarter. Flinton Capital Management LLC now owns 18,816 shares of the conglomerate’s stock worth $2,138,000 after acquiring an additional 15,152 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in Carlisle Companies by 413.5% during the 4th quarter. Meadow Creek Investment Management LLC now owns 25,872 shares of the conglomerate’s stock worth $2,940,000 after acquiring an additional 20,834 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Carlisle Companies by 6.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,601 shares of the conglomerate’s stock worth $979,000 after acquiring an additional 491 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Carlisle Companies by 63.2% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 44,801 shares of the conglomerate’s stock worth $5,091,000 after acquiring an additional 17,344 shares during the last quarter. 88.02% of the stock is owned by hedge funds and other institutional investors.
NYSE CSL opened at $102.42 on Friday. The company has a market capitalization of $6,343.27, a PE ratio of 18.52, a P/E/G ratio of 1.16 and a beta of 0.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.50 and a quick ratio of 1.73. Carlisle Companies has a 12 month low of $92.09 and a 12 month high of $119.21.
Carlisle Companies (NYSE:CSL) last released 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. 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 13.53% and a net margin of 8.94%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. sell-side analysts forecast that Carlisle Companies will post 5.91 earnings per share for the current year.
Carlisle Companies announced that its board has authorized a share repurchase plan on Tuesday, February 6th that allows the company to repurchase 5,000,000 outstanding shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
Several research firms have recently commented on CSL. Zacks Investment Research downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. B. Riley set a $125.00 price objective on Carlisle Companies and gave the company a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets cut their price objective on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, April 6th. SunTrust Banks reissued a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a report on Friday, February 9th. Finally, Robert W. Baird cut their price objective on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, February 9th. One equities 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 company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.38.
WARNING: This piece was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/21/lpl-financial-llc-sells-577-shares-of-carlisle-companies-csl.html.
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.
Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies (NYSE:CSL).
Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.