Dynamic Technology Lab Private Ltd acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,594 shares of the conglomerate’s stock, valued at approximately $1,063,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Carlisle Companies by 0.6% in the second quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock worth $565,611,000 after purchasing an additional 35,069 shares during the period. Atlanta Capital Management Co. L L C increased its position in Carlisle Companies by 12.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock worth $279,625,000 after purchasing an additional 320,305 shares during the period. State Street Corp increased its position in Carlisle Companies by 1.5% in the second quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock worth $246,131,000 after purchasing an additional 38,112 shares during the period. Janus Henderson Group PLC acquired a new stake in Carlisle Companies in the second quarter worth about $181,824,000. Finally, Schroder Investment Management Group increased its position in Carlisle Companies by 42.8% in the second quarter. Schroder Investment Management Group now owns 1,277,655 shares of the conglomerate’s stock worth $120,202,000 after purchasing an additional 383,088 shares during the period. Hedge funds and other institutional investors own 88.83% of the company’s stock.
CSL has been the subject of several analyst reports. FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Buckingham Research initiated coverage on Carlisle Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $115.00 target price for the company. BMO Capital Markets restated a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, September 22nd. SunTrust Banks, Inc. restated a “buy” rating and set a $120.00 target price on shares of Carlisle Companies in a research report on Wednesday, October 4th. Finally, Robert W. Baird restated a “buy” rating on shares of Carlisle Companies in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $122.33.
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Carlisle Companies Incorporated (CSL) traded up $1.03 during trading on Tuesday, hitting $109.86. The stock had a trading volume of 248,400 shares, compared to its average volume of 479,824. The firm has a market cap of $6,750.00, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.38 and a beta of 0.86. Carlisle Companies Incorporated has a 52 week low of $92.09 and a 52 week high of $116.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.14 and a quick ratio of 1.43.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $1.74 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. equities research analysts expect that Carlisle Companies Incorporated will post 4.95 EPS for the current fiscal 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, November 16th. Carlisle Companies’s dividend payout ratio (DPR) is presently 29.25%.
Carlisle Companies 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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