Keybank National Association OH decreased its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 13.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,196 shares of the conglomerate’s stock after selling 1,600 shares during the period. Keybank National Association OH’s holdings in Carlisle Companies were worth $1,432,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC raised its holdings in Carlisle Companies by 148.2% during the first quarter. Advisory Services Network LLC now owns 283 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 169 shares in the last quarter. Brand Asset Management Group Inc. purchased a new position in Carlisle Companies during the first quarter worth about $36,000. O Shaughnessy Asset Management LLC purchased a new position in Carlisle Companies during the first quarter worth about $45,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Carlisle Companies during the second quarter worth about $51,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in Carlisle Companies during the second quarter worth about $96,000. Institutional investors and hedge funds own 87.06% of the company’s stock.
In other Carlisle Companies news, Director David A. Roberts sold 28,571 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $137.74, for a total value of $3,935,369.54. Following the completion of the transaction, the director now directly owns 88,397 shares of the company’s stock, valued at $12,175,802.78. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.26. Carlisle Companies had a net margin of 9.04% and a return on equity of 16.52%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $1.87 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Carlisle Companies, Inc. will post 8.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be issued a $0.50 dividend. The ex-dividend date is Monday, August 19th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.
Several research analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Carlisle Companies from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Zacks Investment Research raised shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Monday, April 29th. BMO Capital Markets increased their price target on shares of Carlisle Companies from $125.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. ValuEngine cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Buckingham Research cut shares of Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price target for the company. in a report on Monday, July 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $142.13.
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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