Crossmark Global Holdings Inc. acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,736 shares of the conglomerate’s stock, valued at approximately $976,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in CSL. NEXT Financial Group Inc grew its holdings in shares of 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 purchasing an additional 308 shares during the period. Creative Planning grew its holdings in shares of 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 purchasing an additional 150 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock worth $233,000 after buying an additional 75 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Carlisle Companies during the second quarter worth about $253,000. Finally, Cetera Investment Advisers purchased a new position in Carlisle Companies during the second quarter worth about $256,000. 91.03% of the stock is owned by hedge funds and other institutional investors.
Carlisle Companies Incorporated (NYSE CSL) opened at $109.07 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. Carlisle Companies Incorporated has a 12 month low of $92.09 and a 12 month high of $116.40. The company has a market cap of $6,758.41, a P/E ratio of 20.20, a PEG ratio of 1.37 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts expect that Carlisle Companies Incorporated will post 4.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, November 16th. Carlisle Companies’s payout ratio is 29.31%.
In other 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.12% of the company’s stock.
Several research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. FBR & Co set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Wednesday, October 25th. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $122.33.
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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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