Globeflex Capital L P Raises Holdings in Carlisle Companies Incorporated (CSL)
Globeflex Capital L P raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 14.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,803 shares of the conglomerate’s stock after acquiring an additional 2,144 shares during the period. Globeflex Capital L P’s holdings in Carlisle Companies were worth $1,603,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. NEXT Financial Group Inc boosted its stake in Carlisle Companies by 39.3% in the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after acquiring an additional 308 shares during the period. Creative Planning boosted its stake in Carlisle Companies by 8.8% in the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after acquiring an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can acquired a new position in Carlisle Companies in the first quarter valued at approximately $202,000. Raymond James Financial Services Advisors Inc. acquired a new position in Carlisle Companies in the first quarter valued at approximately $252,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Carlisle Companies by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,402 shares of the conglomerate’s stock valued at $256,000 after acquiring an additional 424 shares during the period. Institutional investors own 88.55% of the company’s stock.
Shares of Carlisle Companies Incorporated (CSL) traded down 1.24% during trading on Friday, hitting $98.19. The stock had a trading volume of 617,638 shares. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 27.75 and a beta of 0.77. Carlisle Companies Incorporated has a one year low of $92.09 and a one year high of $116.40. The stock’s 50-day moving average price is $95.60 and its 200 day moving average price is $100.02.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.03). Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted $1.75 earnings per share. Carlisle Companies’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Carlisle Companies Incorporated will post $5.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.37 dividend. The ex-dividend date was Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 1.51%. Carlisle Companies’s dividend payout ratio (DPR) is presently 41.93%.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by company insiders.
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A number of equities analysts have commented on the company. BMO Capital Markets restated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. FBR & Co reiterated an “outperform” rating and set a $125.00 price objective on shares of Carlisle Companies in a research report on Tuesday, July 11th. Finally, Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Carlisle Companies currently has a consensus rating of “Hold” and an average price target of $121.00.
Carlisle Companies Profile
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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