Rehmann Capital Advisory Group grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 39.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,449 shares of the conglomerate’s stock after purchasing an additional 1,255 shares during the period. Rehmann Capital Advisory Group’s holdings in Carlisle Companies were worth $446,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Aperio Group LLC increased its position in Carlisle Companies by 42.1% in the 3rd quarter. Aperio Group LLC now owns 17,578 shares of the conglomerate’s stock worth $1,763,000 after purchasing an additional 5,209 shares during the last quarter. TIAA FSB acquired a new position in Carlisle Companies in the 3rd quarter worth about $2,033,000. First Trust Advisors LP increased its position in Carlisle Companies by 16.9% in the 3rd quarter. First Trust Advisors LP now owns 184,019 shares of the conglomerate’s stock worth $18,455,000 after purchasing an additional 26,601 shares during the last quarter. Inverness Counsel LLC NY increased its position in Carlisle Companies by 9.8% in the 3rd quarter. Inverness Counsel LLC NY now owns 896,650 shares of the conglomerate’s stock worth $89,925,000 after purchasing an additional 79,695 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. increased its position in Carlisle Companies by 30.7% in the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 27,987 shares of the conglomerate’s stock worth $2,878,000 after purchasing an additional 6,570 shares during the last quarter. 90.06% of the stock is currently owned by institutional investors.
Shares of Carlisle Companies Incorporated (NYSE:CSL) traded up $0.03 during trading hours on Tuesday, reaching $109.10. The company had a trading volume of 301,900 shares, compared to its average volume of 483,056. Carlisle Companies Incorporated has a 1 year low of $92.09 and a 1 year high of $116.40. The company has a market cap of $6,758.38, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.37 and a beta of 0.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. research analysts predict that Carlisle Companies Incorporated will post 4.97 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.48 annualized dividend and a yield of 1.36%. Carlisle Companies’s payout ratio is 29.31%.
In related news, insider John E. Berlin sold 6,250 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.12% of the stock is owned by corporate insiders.
Several research analysts have weighed in on the company. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks, Inc. increased their price objective on Carlisle Companies to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. B. Riley reissued a “buy” rating on shares of Carlisle Companies in a report on Wednesday, November 1st. Robert W. Baird increased their price objective on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Carlisle Companies in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $122.33.
Carlisle Companies Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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