BlackRock Advisors LLC decreased its position in shares of Carlisle Cos. Inc. (NYSE:CSL) by 27.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,792 shares of the company’s stock after selling 28,062 shares during the period. BlackRock Advisors LLC owned approximately 0.11% of Carlisle Cos. worth $7,693,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CSL. Quadrant Capital Group LLC raised its stake in Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock valued at $103,000 after buying an additional 17 shares during the last quarter. NEXT Financial Group Inc raised its stake in Carlisle Cos. by 47.9% in the second quarter. NEXT Financial Group Inc now owns 1,158 shares of the company’s stock valued at $122,000 after buying an additional 375 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Carlisle Cos. during the second quarter valued at about $141,000. Schonfeld Strategic Advisors LLC bought a new stake in Carlisle Cos. during the first quarter valued at about $208,000. Finally, Stanley Laman Group Ltd. bought a new stake in Carlisle Cos. during the second quarter valued at about $211,000. 88.94% of the stock is owned by institutional investors.
Carlisle Cos. Inc. (NYSE:CSL) opened at 103.88 on Wednesday. Carlisle Cos. Inc. has a 12-month low of $75.17 and a 12-month high of $109.13. The firm’s 50-day moving average price is $102.88 and its 200 day moving average price is $102.90. The stock has a market capitalization of $6.71 billion, a P/E ratio of 18.54 and a beta of 1.13.
Carlisle Cos. (NYSE:CSL) last posted its earnings results on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The firm earned $996.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. Carlisle Cos.’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Cos. Inc. will post $5.79 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Carlisle Cos. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of Carlisle Cos. in a research note on Thursday, July 7th. SunTrust Banks Inc. assumed coverage on Carlisle Cos. in a research note on Thursday, June 16th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Carlisle Cos. in a research note on Tuesday, June 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $113.57.
In other news, VP Scott C. Selbach sold 36,085 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $105.59, for a total value of $3,810,215.15. Following the completion of the sale, the vice president now directly owns 67,112 shares of the company’s stock, valued at approximately $7,086,356.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.71% of the stock is currently owned by insiders.
About Carlisle Cos.
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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