Creative Planning Acquires 150 Shares of Carlisle Companies Incorporated (NYSE:CSL)
Creative Planning raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 8.8% during the second quarter, Holdings Channel reports. The fund owned 1,859 shares of the conglomerate’s stock after buying an additional 150 shares during the period. Creative Planning’s holdings in Carlisle Companies were worth $177,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Carlisle Companies by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 132,286 shares of the conglomerate’s stock worth $14,590,000 after buying an additional 7,654 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Carlisle Companies during the fourth quarter worth $321,000. Quadrant Capital Group LLC raised its stake in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock worth $105,000 after buying an additional 25 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Carlisle Companies by 74.4% in the first quarter. Bank of Montreal Can now owns 701,204 shares of the conglomerate’s stock worth $74,616,000 after buying an additional 299,037 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Carlisle Companies by 3.2% in the first quarter. Capstone Asset Management Co. now owns 9,286 shares of the conglomerate’s stock worth $988,000 after buying an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.
Carlisle Companies Incorporated (CSL) traded down 1.52% during midday trading on Thursday, reaching $95.89. 106,807 shares of the company were exchanged. Carlisle Companies Incorporated has a 52 week low of $93.47 and a 52 week high of $116.40. The firm has a market capitalization of $6.06 billion, a PE ratio of 27.10 and a beta of 0.77. The company has a 50-day moving average of $97.17 and a 200 day moving average of $102.53.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.61 by $0.03. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts predict that Carlisle Companies Incorporated will post $5.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.52%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, August 16th. Carlisle Companies’s dividend payout ratio (DPR) is 39.66%.
CSL has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $115.00 price objective for the company in a report on Wednesday, April 12th. BMO Capital Markets restated a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a report on Thursday, April 20th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carlisle Companies in a report on Tuesday, May 9th. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, CIBC restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Carlisle Companies has a consensus rating of “Hold” and an average target price of $122.50.
Carlisle Companies Company 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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