SG Americas Securities LLC trimmed its position in Carlisle Companies (NYSE:CSL) by 5.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 11,215 shares of the conglomerate’s stock after selling 706 shares during the quarter. SG Americas Securities LLC’s holdings in Carlisle Companies were worth $1,171,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in Carlisle Companies in the 4th quarter worth about $128,000. Advisory Services Network LLC boosted its holdings in Carlisle Companies by 4,659.0% in the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock worth $211,000 after buying an additional 1,817 shares during the last quarter. Glenview Trust Co acquired a new stake in Carlisle Companies in the 4th quarter worth about $220,000. Creative Planning acquired a new stake in Carlisle Companies in the 4th quarter worth about $221,000. Finally, Wolverine Trading LLC boosted its holdings in Carlisle Companies by 174.9% in the 4th quarter. Wolverine Trading LLC now owns 2,097 shares of the conglomerate’s stock worth $238,000 after buying an additional 4,897 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.
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CSL has been the topic of a number of research reports. SunTrust Banks reissued a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday, February 9th. B. Riley set a $125.00 target price on shares of Carlisle Companies and gave the stock a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. BMO Capital Markets decreased their target price on shares of Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, April 6th. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $123.38.
Carlisle Companies opened at $107.17 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.45 and a current ratio of 3.14. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $119.21. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.21 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, April 24th. The conglomerate reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. Carlisle Companies had a net margin of 14.48% and a return on equity of 12.97%. The business had revenue of $984.70 million for the quarter, compared to analyst estimates of $935.14 million. During the same period last year, the company posted $0.94 EPS. The business’s revenue was up 27.2% on a year-over-year basis. sell-side analysts forecast that Carlisle Companies will post 5.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, May 14th. Carlisle Companies’s payout ratio is presently 26.76%.
Carlisle Companies announced that its board has approved a stock buyback plan on Tuesday, February 6th that permits the company to buyback 5,000,000 outstanding shares. This buyback authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, insider John E. Berlin sold 15,420 shares of Carlisle Companies stock in a transaction that occurred on Thursday, May 3rd. The shares were sold at an average price of $105.50, for a total transaction of $1,626,810.00. Following the sale, the insider now owns 43,327 shares of the company’s stock, valued at approximately $4,570,998.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John W. Altmeyer sold 11,650 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $107.41, for a total transaction of $1,251,326.50. Following the sale, the insider now directly owns 184,679 shares in the company, valued at approximately $19,836,371.39. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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.
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