Daiwa Securities Group Inc. Sells 2,018 Shares of Carlisle Companies, Inc. (NYSE:CSL)

Daiwa Securities Group Inc. trimmed its stake in Carlisle Companies, Inc. (NYSE:CSL) by 9.6% during the third quarter, Holdings Channel reports. The fund owned 19,081 shares of the conglomerate’s stock after selling 2,018 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Carlisle Companies were worth $2,777,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in shares of Carlisle Companies in the 2nd quarter valued at approximately $26,000. SRS Capital Advisors Inc. bought a new position in Carlisle Companies in the 2nd quarter worth approximately $32,000. C M Bidwell & Associates Ltd. bought a new position in Carlisle Companies in the 2nd quarter worth approximately $32,000. Advisors Preferred LLC bought a new position in Carlisle Companies in the 2nd quarter worth approximately $38,000. Finally, Steward Partners Investment Advisory LLC increased its position in Carlisle Companies by 510.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 293 shares of the conglomerate’s stock worth $42,000 after buying an additional 245 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Douglas Charles Taylor acquired 697 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $147.27 per share, with a total value of $102,647.19. Following the acquisition, the vice president now owns 6,221 shares of the company’s stock, valued at $916,166.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brook Bruce 2,121 shares of the firm’s stock in a transaction on Monday, October 21st. Insiders have sold a total of 19,028 shares of company stock worth $2,920,165 in the last three months. 1.70% of the stock is owned by insiders.

Several research analysts have commented on CSL shares. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 price target on the stock in a research report on Thursday, October 24th. Oppenheimer lifted their price target on Carlisle Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on Carlisle Companies from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. Finally, ValuEngine raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $148.14.

Shares of NYSE CSL opened at $157.90 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.04 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $147.17 and its two-hundred day moving average is $140.78. The company has a market cap of $9.09 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.31 and a beta of 0.99. Carlisle Companies, Inc. has a 12 month low of $93.01 and a 12 month high of $160.52.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.13. Carlisle Companies had a return on equity of 17.99% and a net margin of 9.66%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business posted $1.68 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts expect that Carlisle Companies, Inc. will post 8.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is presently 32.15%.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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