Roundview Capital LLC Lowers Position in Carlisle Companies Incorporated (CSL)
Roundview Capital LLC lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,250 shares of the conglomerate’s stock after selling 1,650 shares during the quarter. Roundview Capital LLC’s holdings in Carlisle Companies were worth $1,836,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Colonial Trust Advisors raised its holdings in shares of Carlisle Companies by 38.1% in the 1st quarter. Colonial Trust Advisors now owns 10,271 shares of the conglomerate’s stock worth $1,056,000 after purchasing an additional 2,835 shares during the period. SG Americas Securities LLC raised its holdings in shares of Carlisle Companies by 15.9% in the 2nd quarter. SG Americas Securities LLC now owns 16,285 shares of the conglomerate’s stock worth $1,554,000 after purchasing an additional 2,234 shares during the period. Impala Asset Management LLC bought a new stake in shares of Carlisle Companies in the 1st quarter worth approximately $19,614,000. Canada Pension Plan Investment Board raised its holdings in shares of Carlisle Companies by 81.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,900 shares of the conglomerate’s stock worth $521,000 after purchasing an additional 2,200 shares during the period. Finally, HGK Asset Management Inc. bought a new stake in shares of Carlisle Companies in the 2nd quarter worth approximately $8,008,000. 88.55% of the stock is currently owned by institutional investors.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by company insiders.
A number of equities research analysts recently commented on the stock. Oppenheimer Holdings, Inc. set a $120.00 price target on shares of Carlisle Companies and gave the stock a “buy” rating in a report on Tuesday, June 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a report on Friday. CIBC reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. BidaskClub cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Carlisle Companies in a report on Tuesday, July 11th. One 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’s stock. Carlisle Companies currently has an average rating of “Hold” and an average price target of $121.00.
Carlisle Companies Incorporated (NYSE:CSL) traded down 1.24% on Friday, reaching $98.19. 617,638 shares of the company were exchanged. Carlisle Companies Incorporated has a 12-month low of $92.09 and a 12-month high of $116.40. The firm has a 50-day moving average of $95.60 and a 200 day moving average of $100.02. The firm has a market capitalization of $6.20 billion, a P/E ratio of 27.75 and a beta of 0.77.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies Incorporated will post $5.20 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a $0.37 dividend. The ex-dividend date was Wednesday, August 16th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 1.51%. Carlisle Companies’s dividend payout ratio (DPR) is presently 41.93%.
Carlisle Companies 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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