GSA Capital Partners LLP purchased a new stake in shares of Carlisle Companies, Inc. (NYSE:CSL) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,972 shares of the conglomerate’s stock, valued at approximately $1,458,000.
Other institutional investors have also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $248,000. Janus Henderson Group PLC grew 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 during the last quarter. Oregon Public Employees Retirement Fund grew 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 during the last quarter. Marshall Wace LLP grew 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 during the last quarter. Finally, Meadow Creek Investment Management LLC grew 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 during the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.
In other news, Director David A. Roberts sold 36,533 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $127.52, for a total value of $4,658,688.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by corporate insiders.
Shares of CSL opened at $99.52 on Friday. Carlisle Companies, Inc. has a 52 week low of $92.16 and a 52 week high of $129.47. 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 stock has a market capitalization of $6.02 billion, a PE ratio of 17.35, a P/E/G ratio of 1.20 and a beta of 1.12.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $1.37 EPS. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, research analysts predict that Carlisle Companies, Inc. will post 5.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were paid a $0.40 dividend. The ex-dividend date was Friday, November 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. Carlisle Companies’s payout ratio is 28.93%.
Several analysts have weighed in on CSL shares. SunTrust Banks boosted their price target on Carlisle Companies from $132.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, October 1st. B. Riley set a $145.00 price target on Carlisle Companies and gave the company a “buy” rating in a research note on Friday, October 19th. Longbow Research reiterated a “hold” rating on shares of Carlisle Companies in a research note on Monday, September 24th. BMO Capital Markets boosted their price target on Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Carlisle Companies has an average rating of “Hold” and an average target price of $128.50.
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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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