Unigestion Holding SA reduced its position in Carlisle Companies, Inc. (NYSE:CSL) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,825 shares of the conglomerate’s stock after selling 4,707 shares during the quarter. Unigestion Holding SA owned approximately 0.10% of Carlisle Companies worth $6,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of CSL. Wells Fargo & Company MN boosted its position in shares of 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 purchasing an additional 1,094,184 shares during the period. Select Equity Group L.P. bought a new position in shares of Carlisle Companies in the second quarter worth approximately $82,864,000. Reinhart Partners Inc. bought a new position in shares of Carlisle Companies in the second quarter worth approximately $21,557,000. Janus Henderson Group PLC boosted its position in shares of 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 purchasing an additional 181,769 shares during the period. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of Carlisle Companies in the second quarter worth approximately $14,516,000. Institutional investors and hedge funds own 90.96% of the company’s stock.
In other news, Director David A. Roberts sold 36,533 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total value of $4,658,688.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.
CSL opened at $102.01 on Friday. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.21 and a beta of 1.10. Carlisle Companies, Inc. has a 1-year low of $92.16 and a 1-year high of $129.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.27 and a quick ratio of 2.55.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $1.37 EPS. Carlisle Companies’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies, Inc. will post 5.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.93%.
CSL has been the subject of a number of recent analyst reports. SunTrust Banks upped their price target on shares of Carlisle Companies from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. B. Riley set a $130.00 price target on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Thursday, October 25th. BMO Capital Markets lowered shares of Carlisle Companies from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $140.00 to $125.00 in a research report on Monday, October 8th. Longbow Research reiterated a “hold” rating on shares of Carlisle Companies in a research report on Monday, September 24th. Finally, Oppenheimer reiterated a “hold” rating on shares of Carlisle Companies in a research report on Thursday, October 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $129.80.
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Carlisle Companies 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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