Royce & Associates LP lowered its stake in Carlisle Companies, Inc. (NYSE:CSL) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,603 shares of the conglomerate’s stock after selling 2,500 shares during the quarter. Royce & Associates LP owned 0.15% of Carlisle Companies worth $11,035,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board bought a new stake in Carlisle Companies during the 2nd quarter valued at $248,000. Janus Henderson Group PLC increased its stake in Carlisle Companies by 4.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock valued at $464,263,000 after purchasing an additional 181,769 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Carlisle Companies by 2.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,915 shares of the conglomerate’s stock valued at $2,699,000 after purchasing an additional 690 shares in the last quarter. Marshall Wace LLP increased its stake in Carlisle Companies by 20.2% during the 2nd quarter. Marshall Wace LLP now owns 19,106 shares of the conglomerate’s stock valued at $2,069,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in Carlisle Companies by 72.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 44,506 shares of the conglomerate’s stock valued at $4,820,000 after purchasing an additional 18,634 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.
CSL opened at $101.15 on Friday. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.21 and a beta of 1.12. Carlisle Companies, Inc. has a 1 year low of $92.16 and a 1 year high of $129.47.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.14). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. Carlisle Companies’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 earnings per share. On average, analysts expect that Carlisle Companies, Inc. will post 5.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, November 16th. Carlisle Companies’s dividend payout ratio is 28.93%.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Monday. Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a report on Sunday, November 18th. Longbow Research raised shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, November 13th. BMO Capital Markets cut their price objective on shares of Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating on the stock in a report on Wednesday, October 31st. Finally, B. Riley set a $130.00 price objective on shares of Carlisle Companies and gave the stock a “buy” rating in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $128.50.
In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of Carlisle Companies stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.40% of the stock is owned by insiders.
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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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