Shelton Capital Management reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,439 shares of the conglomerate’s stock after selling 195 shares during the period. Shelton Capital Management’s holdings in Carlisle Companies were worth $626,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners grew its stake in Carlisle Companies by 11.4% in the second quarter. Boston Partners now owns 51,593 shares of the conglomerate’s stock worth $13,238,000 after purchasing an additional 5,287 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of Carlisle Companies by 19.4% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 95,500 shares of the conglomerate’s stock valued at $24,499,000 after acquiring an additional 15,500 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Carlisle Companies by 79.9% during the second quarter. Quadrant Capital Group LLC now owns 887 shares of the conglomerate’s stock worth $228,000 after purchasing an additional 394 shares during the last quarter. YHB Investment Advisors Inc. boosted its holdings in Carlisle Companies by 0.6% in the second quarter. YHB Investment Advisors Inc. now owns 17,913 shares of the conglomerate’s stock worth $4,595,000 after purchasing an additional 102 shares during the period. Finally, Cetera Advisor Networks LLC increased its stake in Carlisle Companies by 6.5% during the second quarter. Cetera Advisor Networks LLC now owns 4,166 shares of the conglomerate’s stock valued at $1,069,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 90.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on CSL. Jefferies Financial Group downgraded Carlisle Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $325.00 to $290.00 in a research note on Tuesday, September 26th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. Zelman & Associates downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. StockNews.com assumed coverage on Carlisle Companies in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Oppenheimer restated an “outperform” rating and set a $325.00 price objective on shares of Carlisle Companies in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $307.14.
Carlisle Companies Price Performance
NYSE:CSL opened at $273.26 on Monday. The company has a quick ratio of 3.73, a current ratio of 4.18 and a debt-to-equity ratio of 0.78. The business’s 50-day moving average price is $261.14 and its 200 day moving average price is $253.29. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $289.12. The firm has a market cap of $13.30 billion, a P/E ratio of 19.02, a PEG ratio of 1.27 and a beta of 0.88.
Carlisle Companies (NYSE:CSL – Get Free Report) last announced its quarterly earnings data on Thursday, October 26th. The conglomerate reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.11. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Carlisle Companies had a net margin of 13.58% and a return on equity of 27.87%. The business’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.66 EPS. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 14.77 earnings per share for the current fiscal year.
Carlisle Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.24%. Carlisle Companies’s dividend payout ratio (DPR) is 23.66%.
Carlisle Companies Profile
Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.
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