Reinhart Partners Inc. cut its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 2.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,232 shares of the conglomerate’s stock after selling 1,903 shares during the period. Reinhart Partners Inc. owned approximately 0.16% of Carlisle Companies worth $13,569,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Rikoon Group LLC raised its holdings in shares of Carlisle Companies by 332.8% in the third quarter. Rikoon Group LLC now owns 6,405 shares of the conglomerate’s stock valued at $932,000 after buying an additional 4,925 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Carlisle Companies in the third quarter valued at approximately $366,000. SG Americas Securities LLC grew its position in shares of Carlisle Companies by 288.2% in the third quarter. SG Americas Securities LLC now owns 17,992 shares of the conglomerate’s stock valued at $2,619,000 after purchasing an additional 13,357 shares during the last quarter. First Trust Advisors LP grew its position in shares of Carlisle Companies by 26.9% in the third quarter. First Trust Advisors LP now owns 66,600 shares of the conglomerate’s stock valued at $9,693,000 after purchasing an additional 14,107 shares during the last quarter. Finally, First National Bank of Omaha grew its position in shares of Carlisle Companies by 29.4% in the third quarter. First National Bank of Omaha now owns 5,060 shares of the conglomerate’s stock valued at $736,000 after purchasing an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
A number of research firms have weighed in on CSL. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 price target on the stock in a research note on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of Carlisle Companies from $135.00 to $150.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Oppenheimer lifted their price target on shares of Carlisle Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, ValuEngine raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note 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 stock. Carlisle Companies presently has a consensus rating of “Buy” and an average target price of $148.14.
In related news, insider Nicholas J. Shears sold 6,570 shares of Carlisle Companies stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $149.00, for a total value of $978,930.00. Following the sale, the insider now directly owns 20,783 shares in the company, valued at approximately $3,096,667. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John E. Berlin sold 7,135 shares of Carlisle Companies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $153.78, for a total transaction of $1,097,220.30. Following the completion of the sale, the insider now owns 25,071 shares in the company, valued at $3,855,418.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,028 shares of company stock valued at $2,920,165. 1.70% of the stock is owned by company insiders.
Carlisle Companies stock traded down $0.14 during midday trading on Friday, hitting $157.90. 241,706 shares of the stock were exchanged, compared to its average volume of 378,122. Carlisle Companies, Inc. has a 1 year low of $93.01 and a 1 year high of $160.52. The firm 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. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.04 and a quick ratio of 2.31. The company has a 50 day moving average price of $147.17 and a two-hundred day moving average price of $140.78.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.29 by $0.13. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a net margin of 9.66% and a return on equity of 17.99%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. As a group, analysts predict that Carlisle Companies, Inc. will post 8.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 1.27%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 32.15%.
Carlisle Companies Company 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.
Recommended Story: What is the outlook for the FAANG stocks?
Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.