Inverness Counsel LLC NY lowered its stake in shares of Carlisle Companies, Inc. (NYSE:CSL) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 816,999 shares of the conglomerate’s stock after selling 15,291 shares during the period. Carlisle Companies accounts for approximately 5.2% of Inverness Counsel LLC NY’s portfolio, making the stock its 2nd biggest holding. Inverness Counsel LLC NY owned 1.37% of Carlisle Companies worth $99,510,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of CSL. Wells Fargo & Company MN lifted its position in Carlisle Companies by 178.4% during the second quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock worth $184,943,000 after buying an additional 1,094,184 shares during the period. Select Equity Group L.P. purchased a new position in Carlisle Companies during the second quarter worth about $82,864,000. Reinhart Partners Inc. purchased a new position in Carlisle Companies during the second quarter worth about $21,557,000. Janus Henderson Group PLC lifted its position in Carlisle Companies by 4.4% during the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after buying an additional 181,769 shares during the period. Finally, Intrinsic Edge Capital Management LLC purchased a new position in Carlisle Companies during the second quarter worth about $14,516,000. 90.80% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Tuesday, August 14th. B. Riley increased their target price on Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of Carlisle Companies in a research report on Friday, July 27th. ValuEngine upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, Robert W. Baird increased their target price on Carlisle Companies from $124.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $131.80.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.14). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. Research analysts anticipate that Carlisle Companies, Inc. will post 5.67 EPS for the current year.
In other news, Director David A. Roberts sold 36,533 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $127.52, for a total value of $4,658,688.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.
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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