Oppenheimer Asset Management Inc. reduced its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,879 shares of the conglomerate’s stock after selling 943 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Carlisle Companies were worth $1,729,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Kays Financial Advisory Corp ADV lifted its stake in Carlisle Companies by 0.6% in the 2nd quarter. Kays Financial Advisory Corp ADV now owns 13,462 shares of the conglomerate’s stock worth $1,890,000 after acquiring an additional 79 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Carlisle Companies by 2.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 5,152 shares of the conglomerate’s stock worth $723,000 after purchasing an additional 106 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Carlisle Companies by 1.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,590 shares of the conglomerate’s stock worth $1,487,000 after purchasing an additional 110 shares during the last quarter. NEXT Financial Group Inc increased its position in Carlisle Companies by 16.2% in the 2nd quarter. NEXT Financial Group Inc now owns 882 shares of the conglomerate’s stock worth $124,000 after purchasing an additional 123 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Carlisle Companies by 3.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,985 shares of the conglomerate’s stock worth $560,000 after purchasing an additional 123 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
CSL has been the topic of several research reports. Oppenheimer upped their target price on Carlisle Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. ValuEngine raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 target price on the stock in a research report on Thursday, October 24th. Finally, BMO Capital Markets upped their target price 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Carlisle Companies currently has an average rating of “Buy” and an average price target of $148.14.
Shares of CSL stock opened at $159.91 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 2.31. Carlisle Companies, Inc. has a fifty-two week low of $93.01 and a fifty-two week high of $160.52. The stock’s 50-day moving average is $146.66 and its two-hundred day moving average is $140.48. The firm has a market cap of $8.97 billion, a P/E ratio of 25.71, a PEG ratio of 1.28 and a beta of 0.99.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.29 by $0.13. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Carlisle Companies had a return on equity of 17.99% and a net margin of 9.66%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 EPS. As a group, research analysts expect that Carlisle Companies, Inc. will post 8.19 EPS for the current year.
In other news, insider Nicholas J. Shears sold 6,570 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $149.00, for a total transaction of $978,930.00. Following the transaction, the insider now owns 20,783 shares of the company’s stock, valued at approximately $3,096,667. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas J. Shears sold 5,323 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $158.56, for a total value of $844,014.88. Following the transaction, the insider now directly owns 11,995 shares in the company, valued at approximately $1,901,927.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,028 shares of company stock worth $2,920,165. 1.70% of the stock is currently owned by insiders.
Carlisle Companies Profile
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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