Nordea Investment Management AB lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,633 shares of the conglomerate’s stock after purchasing an additional 2,439 shares during the quarter. Nordea Investment Management AB’s holdings in Carlisle Companies were worth $2,170,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $100,000. Toronto Dominion Bank acquired a new stake in Carlisle Companies during the 3rd quarter worth approximately $126,000. Creative Planning lifted its position in Carlisle Companies by 8.8% during the 2nd quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock worth $177,000 after acquiring an additional 150 shares during the period. Marble Harbor Investment Counsel LLC acquired a new stake in Carlisle Companies during the 3rd quarter worth approximately $201,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Carlisle Companies by 3.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 75 shares during the period. 88.99% of the stock is owned by hedge funds and other institutional investors.
Carlisle Companies Incorporated (CSL) traded down $1.07 on Thursday, hitting $113.75. The stock had a trading volume of 192,400 shares, compared to its average volume of 470,420. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. The firm has a market cap of $7,117.89, a PE ratio of 21.26, a P/E/G ratio of 1.45 and a beta of 0.88. Carlisle Companies Incorporated has a 1-year low of $92.09 and a 1-year high of $116.53.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating the consensus estimate of $1.35 by $0.02. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $1.74 EPS. sell-side analysts expect that Carlisle Companies Incorporated will post 4.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.37 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.30%. Carlisle Companies’s dividend payout ratio is currently 29.31%.
CSL has been the subject of a number of recent research reports. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Buckingham Research initiated coverage on Carlisle Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $115.00 price objective for the company. Oppenheimer reaffirmed a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. SunTrust Banks increased their price objective on Carlisle Companies to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird increased their price objective on Carlisle Companies from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $122.33.
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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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