Toronto Dominion Bank Takes Position in Carlisle Companies Incorporated (CSL)
Toronto Dominion Bank purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,255 shares of the conglomerate’s stock, valued at approximately $126,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Carlisle Companies by 0.6% in the second quarter. Vanguard Group Inc. now owns 5,928,831 shares of the conglomerate’s stock worth $565,611,000 after buying an additional 35,069 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in Carlisle Companies by 12.3% during the second quarter. Atlanta Capital Management Co. L L C now owns 2,931,083 shares of the conglomerate’s stock valued at $279,625,000 after purchasing an additional 320,305 shares in the last quarter. State Street Corp raised its stake in Carlisle Companies by 1.5% during the second quarter. State Street Corp now owns 2,579,973 shares of the conglomerate’s stock valued at $246,131,000 after purchasing an additional 38,112 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Carlisle Companies during the second quarter valued at $181,824,000. Finally, Schroder Investment Management Group raised its stake in Carlisle Companies by 42.8% during the second quarter. Schroder Investment Management Group now owns 1,277,655 shares of the conglomerate’s stock valued at $120,202,000 after purchasing an additional 383,088 shares in the last quarter. Institutional investors and hedge funds own 88.83% of the company’s stock.
Carlisle Companies Incorporated (NYSE CSL) opened at $110.82 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. Carlisle Companies Incorporated has a 1 year low of $92.09 and a 1 year high of $116.40. The firm has a market cap of $6,870.00, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.74 earnings per share. equities research analysts expect that Carlisle Companies Incorporated will post 4.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, November 16th. Carlisle Companies’s payout ratio is presently 29.25%.
In other news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.12% of the company’s stock.
CSL has been the topic of a number of recent research reports. BidaskClub downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, October 4th. FBR & Co set a $125.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Carlisle Companies in a research note on Sunday, August 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $122.33.
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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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