Carlisle Companies, Inc. (CSL) Shares Sold by Huntington National Bank

Huntington National Bank lessened its stake in shares of Carlisle Companies, Inc. (NYSE:CSL) by 72.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 910 shares of the conglomerate’s stock after selling 2,342 shares during the period. Huntington National Bank’s holdings in Carlisle Companies were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Utah Retirement Systems grew its stake in Carlisle Companies by 0.9% during the 4th quarter. Utah Retirement Systems now owns 10,930 shares of the conglomerate’s stock valued at $1,098,000 after acquiring an additional 100 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Carlisle Companies by 2.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,272 shares of the conglomerate’s stock valued at $520,000 after acquiring an additional 104 shares in the last quarter. Creative Planning grew its stake in Carlisle Companies by 5.2% during the 4th quarter. Creative Planning now owns 2,402 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 118 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Carlisle Companies by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,201 shares of the conglomerate’s stock valued at $623,000 after acquiring an additional 119 shares in the last quarter. Finally, Alpha Windward LLC grew its stake in Carlisle Companies by 2.7% during the 4th quarter. Alpha Windward LLC now owns 4,620 shares of the conglomerate’s stock valued at $464,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Carlisle Companies stock opened at $127.38 on Wednesday. Carlisle Companies, Inc. has a 1-year low of $92.16 and a 1-year high of $129.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.45 and a quick ratio of 2.69. The company has a market capitalization of $7.30 billion, a PE ratio of 20.48, a PEG ratio of 1.15 and a beta of 1.01.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, February 7th. The conglomerate reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.28. Carlisle Companies had a net margin of 13.59% and a return on equity of 14.14%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $1.73 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies, Inc. will post 7.38 earnings per share for the current fiscal year.

Carlisle Companies declared that its board has authorized a share buyback program on Tuesday, February 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Several brokerages recently issued reports on CSL. Robert W. Baird set a $134.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Oppenheimer upped their price objective on shares of Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. BMO Capital Markets upped their price objective on shares of Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks reissued a “buy” rating and issued a $138.00 price target on shares of Carlisle Companies in a research note on Sunday, February 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $127.57.

In other news, Director David A. Roberts sold 3,610 shares of the stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $121.50, for a total value of $438,615.00. Following the completion of the sale, the director now owns 84,762 shares of the company’s stock, valued at approximately $10,298,583. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Scott C. Selbach sold 20,850 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $119.83, for a total transaction of $2,498,455.50. Following the completion of the sale, the vice president now directly owns 62,916 shares of the company’s stock, valued at approximately $7,539,224.28. The disclosure for this sale can be found here. In the last three months, insiders sold 69,865 shares of company stock valued at $8,452,327. Corporate insiders own 1.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Carlisle Companies, Inc. (CSL) Shares Sold by Huntington National Bank” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.chaffeybreeze.com/2019/04/17/carlisle-companies-inc-csl-shares-sold-by-huntington-national-bank.html.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

Featured Story: Put Option Volume

Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.