Leith Wheeler Investment Counsel Ltd. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 25.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,411 shares of the conglomerate’s stock after selling 12,190 shares during the period. Carlisle Companies makes up approximately 1.3% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 16th largest holding. Leith Wheeler Investment Counsel Ltd. owned approximately 0.07% of Carlisle Companies worth $8,345,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bishop Rock Capital L.P. purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at about $22,818,000. Vanguard Group Inc. raised its stake in shares of Carlisle Companies by 1.9% during the third quarter. Vanguard Group Inc. now owns 5,315,205 shares of the conglomerate’s stock worth $1,490,437,000 after acquiring an additional 100,442 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Carlisle Companies by 8.3% in the 3rd quarter. BlackRock Inc. now owns 4,760,680 shares of the conglomerate’s stock worth $1,334,940,000 after acquiring an additional 363,372 shares during the last quarter. State Street Corp boosted its stake in shares of Carlisle Companies by 8.8% in the 3rd quarter. State Street Corp now owns 2,079,548 shares of the conglomerate’s stock valued at $583,126,000 after purchasing an additional 167,704 shares in the last quarter. Finally, FMR LLC raised its position in Carlisle Companies by 12.2% in the 2nd quarter. FMR LLC now owns 994,106 shares of the conglomerate’s stock worth $237,205,000 after purchasing an additional 108,303 shares during the period. 89.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CSL stock traded down $6.11 during mid-day trading on Friday, reaching $218.21. 1,540,383 shares of the company’s stock traded hands, compared to its average volume of 371,269. The company’s 50-day moving average price is $248.90 and its 200-day moving average price is $259.09. The company has a market cap of $11.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.61 and a beta of 0.94. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.75. Carlisle Companies Incorporated has a 12 month low of $215.36 and a 12 month high of $318.71.
Carlisle Companies (NYSE:CSL – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The conglomerate reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.06. Carlisle Companies had a net margin of 14.02% and a return on equity of 36.27%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $2.92 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Carlisle Companies Incorporated will post 21.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 17th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 16th. Carlisle Companies’s dividend payout ratio is presently 17.09%.
A number of brokerages have recently issued reports on CSL. Robert W. Baird raised their price objective on Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Wells Fargo & Company lifted their target price on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Oppenheimer cut their price target on shares of Carlisle Companies from $360.00 to $345.00 and set an “outperform” rating on the stock in a report on Friday. Finally, StockNews.com started coverage on Carlisle Companies in a research note on Thursday. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Carlisle Companies presently has a consensus rating of “Buy” and a consensus price target of $328.00.
In related news, CFO Kevin P. Zdimal sold 8,111 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the completion of the sale, the chief financial officer now owns 30,515 shares of the company’s stock, valued at $7,730,975.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.
Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).
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