UBS Group AG trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 19.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,934 shares of the conglomerate’s stock after selling 6,682 shares during the period. UBS Group AG owned about 0.05% of Carlisle Companies worth $7,833,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Cibc World Market Inc. purchased a new stake in shares of Carlisle Companies during the second quarter worth approximately $2,751,000. Vanguard Personalized Indexing Management LLC increased its stake in Carlisle Companies by 16.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,043 shares of the conglomerate’s stock valued at $965,000 after purchasing an additional 561 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in Carlisle Companies by 3.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 28,809 shares of the conglomerate’s stock valued at $6,874,000 after purchasing an additional 921 shares during the last quarter. TrueWealth Advisors LLC purchased a new position in Carlisle Companies in the third quarter valued at approximately $224,000. Finally, Glenview Trust Co increased its stake in Carlisle Companies by 2.5% in the second quarter. Glenview Trust Co now owns 1,988 shares of the conglomerate’s stock valued at $474,000 after purchasing an additional 48 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Kevin P. Zdimal sold 8,111 shares of the stock in a transaction on Friday, February 10th. The stock was 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 directly owns 30,515 shares of the company’s stock, valued at $7,730,975.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Shares of CSL opened at $257.51 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.39 and a debt-to-equity ratio of 0.75. The company’s 50 day simple moving average is $245.28 and its 200-day simple moving average is $265.51. Carlisle Companies Incorporated has a 12-month low of $217.92 and a 12-month high of $318.71. The firm has a market cap of $13.17 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96.
Carlisle Companies (NYSE:CSL – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The conglomerate reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.06. Carlisle Companies had a return on equity of 36.27% and a net margin of 14.02%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $2.92 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Carlisle Companies Incorporated will post 21.78 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Friday, February 17th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 16th. Carlisle Companies’s dividend payout ratio is presently 17.09%.
CSL has been the topic of several recent analyst reports. Robert W. Baird increased their price target on shares of Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 15th. Wells Fargo & Company raised their target price on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Finally, Credit Suisse Group lowered their target price on shares of Carlisle Companies from $363.00 to $350.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $331.00.
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 Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT). The CCM segment offers a range of building envelope products for commercial, industrial, and residential buildings, including single-ply roofing, rigid foam insulation, spray polyurethane foam technologies, architectural metal, heating, ventilation and air conditioning (HVAC) hardware and sealants, below-grade waterproofing, and air and vapor barrier systems focused on the weatherproofing and thermal performance of the building envelope.
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