Carlisle Companies, Inc. (CSL) Shares Bought by Citadel Advisors LLC
Citadel Advisors LLC grew its position in Carlisle Companies, Inc. (NYSE:CSL) by 40.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 91,028 shares of the conglomerate’s stock after acquiring an additional 26,288 shares during the period. Citadel Advisors LLC’s holdings in Carlisle Companies were worth $10,346,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at $100,000. Toronto Dominion Bank acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at $126,000. Cerebellum GP LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $128,000. Marble Harbor Investment Counsel LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at $201,000. Finally, Advisory Services Network LLC grew its holdings in shares of Carlisle Companies by 4,659.0% in the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock valued at $211,000 after buying an additional 1,817 shares during the period. 87.39% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on CSL. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Monday, February 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a research report on Friday, February 9th. Robert W. Baird cut their price objective on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Finally, B. Riley set a $125.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $124.63.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, beating the consensus estimate of $0.97 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. Carlisle Companies had a net margin of 8.94% and a return on equity of 13.60%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. equities analysts predict that Carlisle Companies, Inc. will post 6.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be given a $0.37 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.48 annualized dividend and a yield of 1.40%. Carlisle Companies’s dividend payout ratio is currently 25.92%.
Carlisle Companies announced that its board has approved a stock repurchase plan on Tuesday, February 6th that authorizes the company to repurchase 5,000,000 outstanding shares. This repurchase authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
About Carlisle Companies
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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