Janney Montgomery Scott LLC lifted its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 43.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,290 shares of the conglomerate’s stock after buying an additional 2,792 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carlisle Companies were worth $1,352,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $26,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $32,000. SRS Capital Advisors Inc. purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $32,000. Advisors Preferred LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $38,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Carlisle Companies in the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.
In other news, insider Nicholas J. Shears sold 5,323 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $158.56, for a total value of $844,014.88. Following the completion of the transaction, the insider now directly owns 11,995 shares of the company’s stock, valued at $1,901,927.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brook Bruce 2,121 shares of the company’s stock in a transaction on Monday, October 21st. Over the last quarter, insiders have sold 19,028 shares of company stock worth $2,920,165. 1.70% of the stock is owned by company insiders.
A number of analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Carlisle Companies from $135.00 to $150.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. ValuEngine upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research upgraded 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, Oppenheimer boosted 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $148.14.
CSL opened at $157.90 on Friday. The business’s fifty day moving average is $147.17 and its two-hundred day moving average is $140.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.31 and a current ratio of 3.04. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.31 and a beta of 0.99. Carlisle Companies, Inc. has a one year low of $93.01 and a one year high of $160.52.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 EPS for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.13. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a return on equity of 17.99% and a net margin of 9.66%. Carlisle Companies’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. On average, analysts predict that Carlisle Companies, Inc. will post 8.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. Carlisle Companies’s payout ratio is 32.15%.
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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