Sit Investment Associates Inc. held its stake in Carlisle Cos. Inc. (NYSE:CSL) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,125 shares of the company’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Carlisle Cos. were worth $1,704,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Carlisle Cos. by 28.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,518,429 shares of the company’s stock valued at $250,584,000 after buying an additional 564,390 shares during the period. Wellington Management Group LLP boosted its stake in Carlisle Cos. by 5.1% in the first quarter. Wellington Management Group LLP now owns 1,278,034 shares of the company’s stock valued at $127,164,000 after buying an additional 62,198 shares during the period. American Century Companies Inc. boosted its stake in Carlisle Cos. by 9.5% in the second quarter. American Century Companies Inc. now owns 662,536 shares of the company’s stock valued at $70,017,000 after buying an additional 57,480 shares during the period. Geode Capital Management LLC boosted its stake in Carlisle Cos. by 3.1% in the first quarter. Geode Capital Management LLC now owns 394,834 shares of the company’s stock valued at $39,285,000 after buying an additional 11,812 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Carlisle Cos. by 127.6% in the first quarter. Renaissance Technologies LLC now owns 332,500 shares of the company’s stock valued at $33,084,000 after buying an additional 186,400 shares during the period. 88.94% of the stock is owned by institutional investors and hedge funds.
Shares of Carlisle Cos. Inc. (NYSE:CSL) traded down 2.05% during trading on Tuesday, reaching $103.46. 156,857 shares of the company’s stock traded hands. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 18.47 and a beta of 1.13. Carlisle Cos. Inc. has a 1-year low of $75.17 and a 1-year high of $109.13. The stock has a 50-day moving average of $102.90 and a 200-day moving average of $102.90.
Carlisle Cos. (NYSE:CSL) last announced its earnings results on Tuesday, July 26th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. The company earned $996.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. On average, equities analysts predict that Carlisle Cos. Inc. will post $5.79 EPS for the current fiscal year.
Several analysts have recently weighed in on CSL shares. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $112.00 price target on shares of Carlisle Cos. in a research note on Tuesday, June 28th. SunTrust Banks Inc. assumed coverage on shares of Carlisle Cos. in a research report on Thursday, June 16th. They set a “buy” rating and a $120.00 price objective for the company. Zacks Investment Research raised shares of Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Tuesday, June 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Carlisle Cos. in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the 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 business’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 transaction, the vice president now owns 67,112 shares of the company’s stock, valued at $7,086,356.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.71% of the stock is currently owned by insiders.
Carlisle Cos. Company Profile
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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