Kennedy Capital Management Inc. reduced its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 40,919 shares of the conglomerate’s stock after selling 3,315 shares during the period. Kennedy Capital Management Inc.’s holdings in Carlisle Companies were worth $4,650,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Carlisle Companies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 522,768 shares of the conglomerate’s stock worth $59,412,000 after acquiring an additional 4,478 shares in the last quarter. Eaton Vance Management grew its stake in shares of Carlisle Companies by 32.2% during the 4th quarter. Eaton Vance Management now owns 66,658 shares of the conglomerate’s stock worth $7,576,000 after acquiring an additional 16,250 shares in the last quarter. State of Tennessee Treasury Department grew its stake in shares of Carlisle Companies by 37.2% during the 4th quarter. State of Tennessee Treasury Department now owns 105,785 shares of the conglomerate’s stock worth $12,022,000 after acquiring an additional 28,685 shares in the last quarter. First Republic Investment Management Inc. grew its stake in shares of Carlisle Companies by 416.0% during the 4th quarter. First Republic Investment Management Inc. now owns 12,983 shares of the conglomerate’s stock worth $1,476,000 after acquiring an additional 10,467 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Carlisle Companies by 40.6% during the 4th quarter. Citadel Advisors LLC now owns 91,028 shares of the conglomerate’s stock worth $10,346,000 after acquiring an additional 26,288 shares in the last quarter. 88.02% of the stock is owned by institutional investors.
CSL has been the subject of several research reports. SunTrust Banks reaffirmed a “buy” rating and set a $130.00 price target 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 company a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Tuesday, January 2nd. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $124.63.
Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.20. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.53%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the business earned $1.32 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. research analysts anticipate that Carlisle Companies, Inc. will post 6.05 EPS for the current fiscal year.
Carlisle Companies announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 6th that allows the company to buyback 5,000,000 shares. This buyback authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, February 16th. Carlisle Companies’s dividend payout ratio is 25.92%.
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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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