Northwestern Mutual Wealth Management Co. grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,178 shares of the conglomerate’s stock after purchasing an additional 3,108 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.13% of Carlisle Companies worth $8,031,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of CSL. Teacher Retirement System of Texas grew its holdings in Carlisle Companies by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,177 shares of the conglomerate’s stock worth $494,000 after buying an additional 24 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in Carlisle Companies by 1.1% in the 2nd quarter. Traynor Capital Management Inc. now owns 6,069 shares of the conglomerate’s stock worth $589,000 after buying an additional 67 shares in the last quarter. US Bancorp DE grew its holdings in Carlisle Companies by 0.9% in the 2nd quarter. US Bancorp DE now owns 9,718 shares of the conglomerate’s stock worth $927,000 after buying an additional 89 shares in the last quarter. Utah Retirement Systems grew its holdings in Carlisle Companies by 0.9% in the 2nd quarter. Utah Retirement Systems now owns 11,530 shares of the conglomerate’s stock worth $1,100,000 after buying an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Carlisle Companies by 0.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 29,890 shares of the conglomerate’s stock worth $3,181,000 after buying an additional 150 shares in the last quarter. 88.65% of the stock is owned by institutional investors.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.12% of the company’s stock.
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Carlisle Companies Incorporated (NYSE:CSL) traded up 0.29% during mid-day trading on Friday, hitting $96.77. The stock had a trading volume of 672,936 shares. The company has a 50-day moving average price of $95.59 and a 200 day moving average price of $100.18. The company has a market cap of $6.11 billion, a P/E ratio of 27.35 and a beta of 0.77. Carlisle Companies Incorporated has a 1-year low of $92.09 and a 1-year high of $116.40.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned $1.75 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Carlisle Companies Incorporated will post $5.20 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 1.53%. Carlisle Companies’s dividend payout ratio is 41.93%.
A number of research firms have weighed in on CSL. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. FBR & Co restated an “outperform” rating and issued a $125.00 target price on shares of Carlisle Companies in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Finally, Buckingham Research began coverage on Carlisle Companies in a research report on Tuesday, September 5th. They issued a “buy” rating and a $115.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $121.00.
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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