Commonwealth Equity Services LLC lifted its position in Carlisle Companies (NYSE:CSL) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,744 shares of the conglomerate’s stock after buying an additional 676 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Carlisle Companies were worth $1,330,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of CSL. Seven Eight Capital LP increased its holdings in Carlisle Companies by 2,129.2% during the 1st quarter. Seven Eight Capital LP now owns 53,500 shares of the conglomerate’s stock worth $5,586,000 after purchasing an additional 51,100 shares during the period. Profund Advisors LLC increased its holdings in Carlisle Companies by 6.8% during the 1st quarter. Profund Advisors LLC now owns 8,138 shares of the conglomerate’s stock worth $850,000 after purchasing an additional 516 shares during the period. Gideon Capital Advisors Inc. purchased a new stake in Carlisle Companies during the 1st quarter worth about $239,000. Principal Financial Group Inc. increased its holdings in Carlisle Companies by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 268,889 shares of the conglomerate’s stock worth $28,075,000 after purchasing an additional 6,776 shares during the period. Finally, Fiduciary Management Inc. WI increased its holdings in Carlisle Companies by 21.2% during the 1st quarter. Fiduciary Management Inc. WI now owns 1,092,362 shares of the conglomerate’s stock worth $114,054,000 after purchasing an additional 191,348 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.
Separately, BMO Capital Markets cut their price target on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, April 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $123.86.
In other news, insider John W. Altmeyer sold 11,650 shares of the company’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $107.41, for a total transaction of $1,251,326.50. Following the completion of the transaction, the insider now directly owns 184,679 shares of the company’s stock, valued at approximately $19,836,371.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John E. Berlin sold 15,420 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $105.50, for a total value of $1,626,810.00. Following the transaction, the insider now directly owns 43,327 shares of the company’s stock, valued at $4,570,998.50. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Shares of Carlisle Companies opened at $108.22 on Monday, according to MarketBeat.com. The company has a current ratio of 3.14, a quick ratio of 2.45 and a debt-to-equity ratio of 0.58. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $119.21. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.22 and a beta of 0.85.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, April 24th. The conglomerate reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The business had revenue of $984.70 million during the quarter, compared to analysts’ expectations of $935.14 million. Carlisle Companies had a return on equity of 12.97% and a net margin of 14.48%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. research analysts expect that Carlisle Companies will post 5.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. Carlisle Companies’s dividend payout ratio is currently 26.76%.
Carlisle Companies Company 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.
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