Oppenheimer Asset Management Inc. decreased its position in Carlisle Companies, Inc. (NYSE:CSL) by 25.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,480 shares of the conglomerate’s stock after selling 4,997 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Carlisle Companies were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in CSL. Fort L.P. bought a new stake in Carlisle Companies in the 2nd quarter worth approximately $122,000. First Mercantile Trust Co. bought a new stake in Carlisle Companies in the second quarter valued at approximately $136,000. First National Bank of Omaha bought a new stake in Carlisle Companies in the second quarter valued at approximately $226,000. Natixis bought a new stake in Carlisle Companies in the second quarter valued at approximately $229,000. Finally, Fox Run Management L.L.C. bought a new stake in Carlisle Companies in the third quarter valued at approximately $241,000. Institutional investors own 90.80% of the company’s stock.
CSL opened at $99.24 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.55 and a current ratio of 3.27. Carlisle Companies, Inc. has a 52-week low of $92.16 and a 52-week high of $129.47. The company has a market cap of $5.75 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). Carlisle Companies had a net margin of 14.21% and a return on equity of 13.47%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $1.37 earnings per share. Carlisle Companies’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies, Inc. will post 5.61 EPS for the current year.
In other news, Director David A. Roberts sold 36,533 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total transaction of $4,658,688.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
Several analysts have weighed in on the company. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Tuesday, August 14th. B. Riley boosted their price objective on Carlisle Companies from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price objective on shares of Carlisle Companies in a research report on Friday, July 27th. ValuEngine upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird boosted their price objective on Carlisle Companies from $124.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $129.80.
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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