State Street Corp Raises Position in Carlisle Companies Incorporated (CSL)
State Street Corp boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,579,973 shares of the conglomerate’s stock after acquiring an additional 38,112 shares during the period. State Street Corp owned 4.08% of Carlisle Companies worth $246,131,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. NEXT Financial Group Inc grew its stake in Carlisle Companies by 39.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after acquiring an additional 308 shares during the last quarter. Creative Planning grew its stake in Carlisle Companies by 8.8% in the 2nd quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after acquiring an additional 150 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Carlisle Companies in the 1st quarter valued at about $252,000. Ontario Teachers Pension Plan Board acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $253,000. Finally, TLP Group LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $258,000. 88.56% of the stock is currently owned by hedge funds and other institutional investors.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of Carlisle Companies stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.12% of the company’s stock.
A number of equities research analysts recently commented on CSL shares. Zacks Investment Research cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Buckingham Research started coverage on shares of Carlisle Companies in a research note on Tuesday, September 5th. They issued a “buy” rating and a $115.00 price objective on the stock. Robert W. Baird reissued an “outperform” rating on shares of Carlisle Companies in a research note on Monday, July 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Carlisle Companies in a research note on Sunday, August 27th. Finally, BidaskClub raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Carlisle Companies has an average rating of “Hold” and an average price target of $122.00.
Shares of Carlisle Companies Incorporated (CSL) opened at 99.63 on Tuesday. The firm’s 50 day moving average is $98.24 and its 200 day moving average is $99.26. The firm has a market capitalization of $6.29 billion, a PE ratio of 28.16 and a beta of 0.79. Carlisle Companies Incorporated has a 1-year low of $92.09 and a 1-year high of $116.40.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.03). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Carlisle Companies had a return on equity of 15.18% and a net margin of 6.04%. The company’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 business posted $1.75 EPS. Analysts anticipate that Carlisle Companies Incorporated will post $5.02 EPS for the current fiscal year.
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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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