Carlisle Companies, Inc. (CSL) Stake Lessened by Federated Investors Inc. PA

Federated Investors Inc. PA decreased its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,786 shares of the conglomerate’s stock after selling 418 shares during the quarter. Federated Investors Inc. PA’s holdings in Carlisle Companies were worth $2,685,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake 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 in the last quarter. Meadow Creek Investment Management LLC grew its stake in shares of Carlisle Companies by 72.0% in the second quarter. Meadow Creek Investment Management LLC now owns 44,506 shares of the conglomerate’s stock worth $4,820,000 after purchasing an additional 18,634 shares in the last quarter. Usca Ria LLC bought a new position in shares of Carlisle Companies in the second quarter worth $2,906,000. UBS Group AG grew its stake in shares of Carlisle Companies by 6.0% in the first quarter. UBS Group AG now owns 33,579 shares of the conglomerate’s stock worth $3,506,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Carlisle Companies by 4.6% in the first quarter. Eagle Asset Management Inc. now owns 158,895 shares of the conglomerate’s stock worth $16,590,000 after purchasing an additional 6,982 shares in the last quarter. 91.32% of the stock is owned by institutional investors.

In related news, Director David A. Roberts sold 36,533 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

CSL has been the subject of several recent analyst reports. ValuEngine raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Robert W. Baird increased their price target on Carlisle Companies from $124.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. B. Riley increased their price target on Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research note on Monday, July 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 target price on shares of Carlisle Companies in a research note on Friday, July 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $134.83.

Shares of CSL stock opened at $128.36 on Friday. Carlisle Companies, Inc. has a fifty-two week low of $95.68 and a fifty-two week high of $129.47. The stock has a market cap of $7.63 billion, a P/E ratio of 23.14, a PEG ratio of 1.40 and a beta of 0.87. 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 (NYSE:CSL) last announced its earnings results on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.27. Carlisle Companies had a return on equity of 13.21% and a net margin of 14.20%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business posted $1.58 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. sell-side analysts predict that Carlisle Companies, Inc. will post 6.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, August 17th. This represents a $1.60 annualized dividend and a yield of 1.25%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.37. Carlisle Companies’s dividend payout ratio (DPR) is currently 86.80%.

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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