Tower Research Capital LLC TRC increased its stake in shares of Carlisle Cos. Inc. (NYSE:CSL) by 69.0% during the second quarter, Holdings Channel reports. The firm owned 2,291 shares of the company’s stock after buying an additional 935 shares during the period. Tower Research Capital LLC TRC’s holdings in Carlisle Cos. were worth $242,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CSL. Quadrant Capital Group LLC increased its position 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 period. NEXT Financial Group Inc increased its position 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 period. Acadian Asset Management LLC bought a new position in Carlisle Cos. during the second quarter valued at $141,000. Schonfeld Strategic Advisors LLC bought a new position in Carlisle Cos. during the first quarter valued at $208,000. Finally, Stanley Laman Group Ltd. bought a new position in Carlisle Cos. during the second quarter valued at $211,000. Institutional investors own 88.94% of the company’s stock.
Shares of Carlisle Cos. Inc. (NYSE:CSL) opened at 101.57 on Monday. The firm’s 50-day moving average price is $103.64 and its 200-day moving average price is $102.25. The company has a market capitalization of $6.56 billion, a PE ratio of 18.13 and a beta of 1.26. Carlisle Cos. Inc. has a 12-month low of $75.17 and a 12-month high of $109.13.
Carlisle Cos. (NYSE:CSL) last released its earnings results on Tuesday, July 26th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Carlisle Cos. had a return on equity of 15.40% and a net margin of 10.14%. The firm had revenue of $996.90 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $1.54 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Carlisle Cos. Inc. will post $5.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.38%. This is an increase from Carlisle Cos.’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, August 16th. Carlisle Cos.’s dividend payout ratio is presently 25.00%.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Carlisle Cos. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Robert W. Baird reiterated an “outperform” rating and set a $108.00 target price on shares of Carlisle Cos. in a research report on Thursday, July 7th. Northcoast Research downgraded Carlisle Cos. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 2nd. SunTrust Banks Inc. assumed coverage on Carlisle Cos. in a research report on Thursday, June 16th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $112.00 target price on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Carlisle Cos. presently has an average rating of “Buy” and an average price target of $113.57.
In related news, VP Scott C. Selbach sold 36,085 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $105.59, for a total value of $3,810,215.15. Following the transaction, the vice president now directly owns 67,112 shares of the company’s stock, valued at approximately $7,086,356.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.71% of the stock is owned by corporate 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).
Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Cos. Inc. (NYSE:CSL).
Receive News & Ratings for Carlisle Cos. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Cos. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.