The Manufacturers Life Insurance Company Has $10.36 Million Position in Carlisle Companies (CSL)

The Manufacturers Life Insurance Company decreased its stake in shares of Carlisle Companies (NYSE:CSL) by 3.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 99,203 shares of the conglomerate’s stock after selling 3,363 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Carlisle Companies were worth $10,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in Carlisle Companies by 6.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,601 shares of the conglomerate’s stock worth $979,000 after buying an additional 491 shares in the last quarter. Mason Street Advisors LLC lifted its position in Carlisle Companies by 1.6% during the first quarter. Mason Street Advisors LLC now owns 31,034 shares of the conglomerate’s stock worth $3,240,000 after buying an additional 493 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Carlisle Companies by 8.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,648 shares of the conglomerate’s stock worth $756,000 after buying an additional 499 shares in the last quarter. Profund Advisors LLC lifted its position in Carlisle Companies by 6.8% during the first quarter. Profund Advisors LLC now owns 8,138 shares of the conglomerate’s stock worth $850,000 after buying an additional 516 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Carlisle Companies by 4.1% during the first quarter. Thrivent Financial for Lutherans now owns 14,037 shares of the conglomerate’s stock worth $1,466,000 after buying an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

CSL stock opened at $108.63 on Friday. The company has a quick ratio of 2.45, a current ratio of 3.14 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85. Carlisle Companies has a 52-week low of $92.09 and a 52-week high of $119.21.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, April 24th. The conglomerate reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.01. The company had revenue of $984.70 million during the quarter, compared to analysts’ expectations of $935.14 million. Carlisle Companies had a return on equity of 12.97% and a net margin of 14.48%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. equities research analysts anticipate that Carlisle Companies will post 5.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $1.48 annualized dividend and a yield of 1.36%. Carlisle Companies’s dividend payout ratio (DPR) is 26.76%.

A number of brokerages recently commented on CSL. BMO Capital Markets reduced their price objective on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, April 6th. Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $123.86.

In other Carlisle Companies news, insider John W. Altmeyer sold 11,650 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $107.41, for a total transaction of $1,251,326.50. Following the completion of the sale, the insider now owns 184,679 shares of the company’s stock, valued at $19,836,371.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John E. Berlin sold 15,420 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $105.50, for a total value of $1,626,810.00. Following the sale, the insider now directly owns 43,327 shares of the company’s stock, valued at approximately $4,570,998.50. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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