Northern Trust Corp reduced its position in shares of Carlisle Companies, Inc. (NYSE:CSL) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,511 shares of the conglomerate’s stock after selling 2,973 shares during the period. Northern Trust Corp owned approximately 0.78% of Carlisle Companies worth $50,635,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in Carlisle Companies by 4.4% in the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after acquiring an additional 181,769 shares in the last quarter. Wells Fargo & Company MN grew its position in Carlisle Companies by 178.4% in the second quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock worth $184,943,000 after acquiring an additional 1,094,184 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Carlisle Companies by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 932,758 shares of the conglomerate’s stock worth $101,031,000 after acquiring an additional 26,245 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Carlisle Companies by 3.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 854,722 shares of the conglomerate’s stock worth $89,242,000 after acquiring an additional 31,301 shares in the last quarter. Finally, Select Equity Group L.P. purchased a new position in Carlisle Companies in the second quarter worth $82,864,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
NYSE CSL opened at $106.11 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.10 and a debt-to-equity ratio of 0.59. Carlisle Companies, Inc. has a 12-month low of $97.03 and a 12-month high of $129.47. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.27. Carlisle Companies had a net margin of 14.20% and a return on equity of 13.21%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. Sell-side analysts predict that Carlisle Companies, Inc. will post 6.06 earnings per share for the current fiscal year.
In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Tuesday, August 14th. B. Riley upped their target price on shares of Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of Carlisle Companies in a research report on Friday, July 27th. Oppenheimer reiterated a “hold” rating on shares of Carlisle Companies in a research report on Sunday, July 1st. Finally, ValuEngine upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $133.17.
About Carlisle Companies
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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