Carlisle Companies Incorporated (CSL) Stake Increased by American Century Companies Inc.
American Century Companies Inc. boosted its position in Carlisle Companies Incorporated (NYSE:CSL) by 7.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 696,860 shares of the conglomerate’s stock after buying an additional 48,848 shares during the period. American Century Companies Inc. owned 1.10% of Carlisle Companies worth $66,480,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC boosted its stake in Carlisle Companies by 65.5% in the first quarter. Glen Harbor Capital Management LLC now owns 6,440 shares of the conglomerate’s stock worth $685,000 after buying an additional 2,548 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Carlisle Companies by 74.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,591 shares of the conglomerate’s stock worth $1,446,000 after buying an additional 5,795 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Carlisle Companies by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the conglomerate’s stock worth $2,399,000 after buying an additional 300 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Carlisle Companies by 81.5% in the first quarter. Canada Pension Plan Investment Board now owns 4,900 shares of the conglomerate’s stock worth $521,000 after buying an additional 2,200 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Carlisle Companies by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 37,962 shares of the conglomerate’s stock worth $4,037,000 after buying an additional 1,497 shares during the last quarter. Institutional investors own 88.65% of the company’s stock.
Carlisle Companies Incorporated (NYSE CSL) opened at 94.24 on Tuesday. Carlisle Companies Incorporated has a 12-month low of $92.09 and a 12-month high of $116.40. The company has a 50 day moving average of $96.84 and a 200-day moving average of $101.26. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 26.64 and a beta of 0.77.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by $0.03. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. On average, equities research analysts forecast that Carlisle Companies Incorporated will post $5.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 1.57%. Carlisle Companies’s payout ratio is currently 41.93%.
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A number of equities research analysts have commented on CSL shares. Zacks Investment Research cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carlisle Companies in a research note on Tuesday, May 9th. BidaskClub cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. CIBC restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. Finally, Robert W. Baird restated an “outperform” rating on shares of Carlisle Companies in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $122.50.
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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