Bronfman E.L. Rothschild L.P. reduced its stake in shares of Carlisle Companies, Inc. (NYSE:CSL) by 24.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,067 shares of the conglomerate’s stock after selling 348 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Carlisle Companies were worth $114,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital Fund Management S.A. purchased a new position in Carlisle Companies during the third quarter valued at about $1,429,000. Huntington National Bank increased its position in Carlisle Companies by 45.0% in the third quarter. Huntington National Bank now owns 6,055 shares of the conglomerate’s stock valued at $621,000 after buying an additional 1,878 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Carlisle Companies by 7.7% in the third quarter. Mutual of America Capital Management LLC now owns 63,831 shares of the conglomerate’s stock valued at $6,547,000 after buying an additional 4,562 shares during the last quarter. Sit Investment Associates Inc. increased its position in Carlisle Companies by 0.6% in the third quarter. Sit Investment Associates Inc. now owns 16,225 shares of the conglomerate’s stock valued at $1,664,000 after buying an additional 100 shares during the last quarter. Finally, NEXT Financial Group Inc increased its position in Carlisle Companies by 213.7% in the third quarter. NEXT Financial Group Inc now owns 3,633 shares of the conglomerate’s stock valued at $373,000 after buying an additional 2,475 shares during the last quarter. 87.64% of the stock is currently owned by hedge funds and other institutional investors.
Carlisle Companies, Inc. (NYSE:CSL) traded up 0.78% during trading on Friday, hitting $100.41. The company had a trading volume of 547,402 shares. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 27.04 and a beta of 0.77. The firm’s 50 day moving average is $103.99 and its 200-day moving average is $107.80. Carlisle Companies, Inc. has a 52-week low of $98.22 and a 52-week high of $116.40.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 27th. The conglomerate reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Carlisle Companies had a net margin of 6.80% and a return on equity of 15.67%. The firm had revenue of $857.30 million during the quarter, compared to analysts’ expectations of $832.50 million. During the same period in the previous year, the company earned $1.05 earnings per share. Carlisle Companies’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that Carlisle Companies, Inc. will post $5.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 12th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. Carlisle Companies’s dividend payout ratio (DPR) is presently 36.75%.
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Several equities analysts recently issued reports on CSL shares. Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, February 3rd. BMO Capital Markets reissued a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research report on Thursday, April 20th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Carlisle Companies in a research report on Tuesday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $117.17.
In other news, insider John E. Berlin sold 19,860 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $104.55, for a total value of $2,076,363.00. Following the completion of the sale, the insider now directly owns 56,262 shares of the company’s stock, valued at $5,882,192.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.71% of the stock is owned by insiders.
About Carlisle Companies
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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