Evercore Wealth Management LLC Reduces Stake in Carlisle Companies Incorporated (CSL)
Evercore Wealth Management LLC lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 23.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,348 shares of the conglomerate’s stock after selling 420 shares during the period. Evercore Wealth Management LLC’s holdings in Carlisle Companies were worth $129,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Carlisle Companies by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 673,362 shares of the conglomerate’s stock worth $64,234,000 after buying an additional 7,035 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in shares of Carlisle Companies by 342.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,366 shares of the conglomerate’s stock worth $989,000 after buying an additional 8,021 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Carlisle Companies by 142.6% in the 2nd quarter. Citadel Advisors LLC now owns 186,335 shares of the conglomerate’s stock worth $17,776,000 after buying an additional 109,527 shares in the last quarter. TLP Group LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter worth $258,000. Finally, Globeflex Capital L P raised its stake in shares of Carlisle Companies by 14.6% in the 2nd quarter. Globeflex Capital L P now owns 16,803 shares of the conglomerate’s stock worth $1,603,000 after buying an additional 2,144 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on the company. Oppenheimer Holdings, Inc. set a $120.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a research note on Tuesday, June 6th. BMO Capital Markets reissued a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a research note on Friday, September 22nd. CIBC reaffirmed a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Finally, Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $121.00.
In other news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.12% of the stock is owned by company insiders.
Shares of Carlisle Companies Incorporated (CSL) opened at 100.29 on Friday. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 28.35 and a beta of 0.77. Carlisle Companies Incorporated has a 12 month low of $92.09 and a 12 month high of $116.40. The stock’s 50 day moving average price is $95.60 and its 200-day moving average price is $100.02.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Carlisle Companies Incorporated will post $5.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a $0.37 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Wednesday, August 16th. Carlisle Companies’s dividend payout ratio (DPR) is currently 41.93%.
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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