Carlisle Companies, Inc. (CSL) Holdings Lifted by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. boosted its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 145.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,499 shares of the conglomerate’s stock after purchasing an additional 19,861 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carlisle Companies were worth $4,079,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of Carlisle Companies by 110.3% during the second quarter. BNP Paribas Arbitrage SA now owns 5,347 shares of the conglomerate’s stock valued at $579,000 after buying an additional 2,804 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Carlisle Companies by 21.5% during the second quarter. Rice Hall James & Associates LLC now owns 24,574 shares of the conglomerate’s stock valued at $2,662,000 after buying an additional 4,355 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of Carlisle Companies during the second quarter valued at about $293,000. Barings LLC raised its position in shares of Carlisle Companies by 43.7% during the second quarter. Barings LLC now owns 9,700 shares of the conglomerate’s stock valued at $1,051,000 after buying an additional 2,950 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Carlisle Companies during the second quarter valued at about $1,782,000. Institutional investors and hedge funds own 87.33% of the company’s stock.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research report on Sunday, November 18th. BMO Capital Markets dropped their price target on shares of Carlisle Companies from $125.00 to $115.00 and set a “market perform” rating for the company in a research report on Wednesday, October 31st. Finally, Longbow Research raised shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $128.50.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $1.37 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts predict that Carlisle Companies, Inc. will post 5.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 16th. Carlisle Companies’s payout ratio is 28.93%.
In other news, Director David A. Roberts sold 36,533 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
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Carlisle Companies Profile
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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