First Citizens Bank & Trust Co. Acquires 252 Shares of Carlisle Cos. Inc. (CSL)
First Citizens Bank & Trust Co. increased its position in shares of Carlisle Cos. Inc. (NYSE:CSL) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,540 shares of the company’s stock after buying an additional 252 shares during the period. First Citizens Bank & Trust Co.’s holdings in Carlisle Cos. were worth $480,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of CSL. Quadrant Capital Group LLC increased its position in shares of Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock worth $103,000 after buying an additional 17 shares during the last quarter. NEXT Financial Group Inc increased its position in shares of Carlisle Cos. by 47.9% in the second quarter. NEXT Financial Group Inc now owns 1,158 shares of the company’s stock worth $122,000 after buying an additional 375 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Carlisle Cos. during the second quarter worth about $141,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Carlisle Cos. during the first quarter worth about $208,000. Finally, Genesee Valley Trust Co. increased its position in shares of Carlisle Cos. by 1.7% in the second quarter. Genesee Valley Trust Co. now owns 2,458 shares of the company’s stock worth $260,000 after buying an additional 42 shares during the last quarter. 88.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carlisle Cos. Inc. (NYSE:CSL) traded up 0.01% during trading on Friday, reaching $104.82. 217,965 shares of the company were exchanged. Carlisle Cos. Inc. has a 1-year low of $75.17 and a 1-year high of $109.13. The firm’s 50 day moving average is $102.85 and its 200 day moving average is $102.98. The firm has a market capitalization of $6.77 billion, a P/E ratio of 18.71 and a beta of 1.13.
Carlisle Cos. (NYSE:CSL) last released its earnings results on Tuesday, July 26th. The company reported $1.75 earnings per share for the quarter, topping 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 business earned $996.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.54 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Cos. Inc. will post $5.79 EPS for the current fiscal year.
A number of research firms have recently weighed in on CSL. Zacks Investment Research raised shares of Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, June 28th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $112.00 target price on shares of Carlisle Cos. in a research report on Tuesday, June 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $108.00 target price on shares of Carlisle Cos. in a research report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Carlisle Cos. 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 Carlisle Cos. stock in a transaction on Friday, August 5th. The stock was sold at an average price of $105.59, for a total transaction of $3,810,215.15. Following the completion of the sale, the vice president now directly owns 67,112 shares in the company, valued at $7,086,356.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.71% of the company’s stock.
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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