Martingale Asset Management L P lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,185 shares of the conglomerate’s stock after selling 15,755 shares during the quarter. Martingale Asset Management L P owned approximately 0.45% of Carlisle Companies worth $27,112,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CSL. Canada Pension Plan Investment Board lifted its holdings in shares of Carlisle Companies by 81.5% in the first quarter. Canada Pension Plan Investment Board now owns 4,900 shares of the conglomerate’s stock valued at $521,000 after purchasing an additional 2,200 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Carlisle Companies by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 37,962 shares of the conglomerate’s stock valued at $4,037,000 after purchasing an additional 1,497 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Carlisle Companies by 1.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 95,048 shares of the conglomerate’s stock valued at $10,114,000 after purchasing an additional 1,618 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Carlisle Companies by 6.0% in the first quarter. Advisors Asset Management Inc. now owns 9,642 shares of the conglomerate’s stock valued at $1,026,000 after purchasing an additional 546 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Carlisle Companies by 544.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 16,100 shares of the conglomerate’s stock valued at $1,713,000 after purchasing an additional 13,600 shares in the last quarter. Institutional investors own 88.65% of the company’s stock.
CSL has been the topic of a number of recent research reports. Oppenheimer Holdings, Inc. set a $120.00 target price on Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, June 6th. BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, June 9th. CIBC restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Zacks Investment Research lowered Carlisle Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Robert W. Baird restated an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. Two analysts have 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 stock has an average rating of “Hold” and an average price target of $121.00.
In related news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.12% of the company’s stock.
Shares of Carlisle Companies Incorporated (CSL) traded up 0.73% during mid-day trading on Friday, hitting $95.96. The company had a trading volume of 376,126 shares. The firm has a market capitalization of $6.06 billion, a PE ratio of 27.12 and a beta of 0.77. The firm has a 50-day moving average price of $96.03 and a 200-day moving average price of $100.52. Carlisle Companies Incorporated has a 52 week low of $92.09 and a 52 week high of $116.40.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.03. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts forecast that Carlisle Companies Incorporated will post $5.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a $0.37 dividend. The ex-dividend date was Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 1.54%. Carlisle Companies’s dividend payout ratio is 41.93%.
Carlisle Companies Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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