Keybank National Association OH increased its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,600 shares of the conglomerate’s stock after acquiring an additional 3,300 shares during the quarter. Keybank National Association OH’s holdings in Carlisle Companies were worth $2,000,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its position in Carlisle Companies by 32.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after purchasing an additional 615,655 shares during the period. Schroder Investment Management Group raised its position in Carlisle Companies by 16.4% in the 3rd quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after purchasing an additional 209,448 shares during the period. Victory Capital Management Inc. raised its position in Carlisle Companies by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,236,016 shares of the conglomerate’s stock worth $140,473,000 after purchasing an additional 73,621 shares during the period. Ameriprise Financial Inc. raised its position in Carlisle Companies by 4.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 987,560 shares of the conglomerate’s stock worth $99,042,000 after purchasing an additional 38,451 shares during the period. Finally, Inverness Counsel LLC NY raised its position in Carlisle Companies by 9.8% in the 3rd quarter. Inverness Counsel LLC NY now owns 896,650 shares of the conglomerate’s stock worth $89,925,000 after purchasing an additional 79,695 shares during the period. Institutional investors own 87.39% of the company’s stock.
A number of brokerages have issued reports on CSL. B. Riley reissued a “buy” rating on shares of Carlisle Companies in a report on Wednesday, November 1st. FBR & Co set a $125.00 price target on shares of Carlisle Companies and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Robert W. Baird cut their price target on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Finally, SunTrust Banks reissued a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $124.63.
Shares of Carlisle Companies, Inc. (CSL) opened at $107.26 on Tuesday. The stock has a market cap of $6,627.50, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.11 and a beta of 0.79. Carlisle Companies, Inc. has a twelve month low of $92.09 and a twelve month high of $119.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1 billion. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.60%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. equities analysts expect that Carlisle Companies, Inc. will post 6.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s payout ratio is 25.92%.
Carlisle Companies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 6th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.
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Carlisle Companies Company 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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