Fort L.P. boosted its stake in Carlisle Companies, Inc. (NYSE:CSL) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,258 shares of the conglomerate’s stock after purchasing an additional 2,963 shares during the quarter. Fort L.P.’s holdings in Carlisle Companies were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Carlisle Companies during the 4th quarter valued at about $2,808,000. First Trust Advisors LP increased its holdings in shares of Carlisle Companies by 36.7% in the 4th quarter. First Trust Advisors LP now owns 91,064 shares of the conglomerate’s stock valued at $14,738,000 after acquiring an additional 24,464 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Carlisle Companies by 933.3% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 4,867 shares of the conglomerate’s stock valued at $790,000 after acquiring an additional 4,396 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Carlisle Companies by 55.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,204 shares of the conglomerate’s stock valued at $1,166,000 after acquiring an additional 2,558 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Carlisle Companies by 231.0% in the 4th quarter. US Bancorp DE now owns 28,046 shares of the conglomerate’s stock valued at $4,540,000 after acquiring an additional 19,572 shares during the period. Institutional investors and hedge funds own 89.04% of the company’s stock.
CSL has been the topic of a number of analyst reports. Credit Suisse Group initiated coverage on Carlisle Companies in a report on Wednesday, May 27th. They issued an “outperform” rating and a $146.00 price target on the stock. Jefferies Financial Group started coverage on Carlisle Companies in a report on Friday, April 17th. They issued a “buy” rating and a $150.00 price target on the stock. ValuEngine raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Oppenheimer started coverage on Carlisle Companies in a research report on Tuesday. They issued a “buy” rating and a $160.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Carlisle Companies presently has an average rating of “Buy” and an average target price of $163.13.
Shares of CSL stock traded down $6.68 on Thursday, hitting $122.83. The company had a trading volume of 135,825 shares, compared to its average volume of 495,410. The firm has a market cap of $7.22 billion, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82. The company has a 50-day moving average price of $119.22 and a 200-day moving average price of $141.10. The company has a quick ratio of 3.40, a current ratio of 4.33 and a debt-to-equity ratio of 1.02. Carlisle Companies, Inc. has a twelve month low of $97.55 and a twelve month high of $169.86.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, April 21st. The conglomerate reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.08. Carlisle Companies had a return on equity of 17.88% and a net margin of 9.54%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business earned $1.33 EPS. Carlisle Companies’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts expect that Carlisle Companies, Inc. will post 6.07 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a $0.50 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. Carlisle Companies’s dividend payout ratio (DPR) is presently 24.13%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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