Carlisle Companies, Inc. (CSL) Shares Sold by Fmr LLC
Fmr LLC cut its stake in Carlisle Companies, Inc. (NYSE:CSL) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 465,442 shares of the company’s stock after selling 17,255 shares during the period. Fmr LLC’s holdings in Carlisle Companies were worth $51,334,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Investec Asset Management LTD purchased a new stake in Carlisle Companies during the fourth quarter valued at about $158,233,000. BlackRock Institutional Trust Company N.A. raised its stake in Carlisle Companies by 9.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,785,225 shares of the company’s stock valued at $285,681,000 after buying an additional 242,235 shares during the last quarter. State Street Corp raised its stake in Carlisle Companies by 7.4% in the fourth quarter. State Street Corp now owns 2,568,023 shares of the company’s stock valued at $283,229,000 after buying an additional 177,221 shares during the last quarter. Redwood Investments LLC purchased a new stake in Carlisle Companies during the third quarter valued at about $15,302,000. Finally, Columbia Wanger Asset Management LLC raised its stake in Carlisle Companies by 34.5% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 480,269 shares of the company’s stock valued at $52,969,000 after buying an additional 123,219 shares during the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.
Shares of Carlisle Companies, Inc. (NYSE:CSL) opened at 107.79 on Tuesday. The stock has a 50 day moving average of $106.64 and a 200-day moving average of $107.33. Carlisle Companies, Inc. has a one year low of $96.55 and a one year high of $116.40. The stock has a market capitalization of $6.96 billion, a P/E ratio of 28.22 and a beta of 0.77.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, February 9th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.03. The firm earned $893.50 million during the quarter, compared to analyst estimates of $907 million. Carlisle Companies had a return on equity of 15.67% and a net margin of 6.80%. Carlisle Companies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. Equities analysts forecast that Carlisle Companies, Inc. will post $6.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Wednesday, February 15th. Carlisle Companies’s dividend payout ratio is presently 36.75%.
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CSL has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, February 3rd. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday, January 13th. Longbow Research lowered shares of Carlisle Companies from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating on shares of Carlisle Companies in a research report on Tuesday, December 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $115.63.
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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