Royal Bank of Canada boosted its stake in shares of Carlisle Companies (NYSE:CSL) by 16.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 147,576 shares of the conglomerate’s stock after acquiring an additional 21,057 shares during the period. Royal Bank of Canada owned about 0.24% of Carlisle Companies worth $15,407,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. LSV Asset Management acquired a new position in Carlisle Companies during the first quarter worth $104,000. Toronto Dominion Bank raised its position in Carlisle Companies by 102.4% during the first quarter. Toronto Dominion Bank now owns 1,191 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 50,252 shares during the period. Parametrica Management Ltd acquired a new position in Carlisle Companies during the first quarter worth $218,000. Wolverine Trading LLC raised its position in Carlisle Companies by 174.9% during the fourth quarter. Wolverine Trading LLC now owns 2,097 shares of the conglomerate’s stock worth $238,000 after acquiring an additional 4,897 shares during the period. Finally, New Amsterdam Partners LLC NY acquired a new position in Carlisle Companies during the first quarter worth $225,000. Institutional investors own 89.41% of the company’s stock.
In other news, insider John W. Altmeyer sold 11,650 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $107.41, for a total value of $1,251,326.50. Following the completion of the sale, the insider now directly owns 184,679 shares in the company, valued at $19,836,371.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Berlin sold 15,420 shares of the stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $105.50, for a total transaction of $1,626,810.00. Following the completion of the sale, the insider now owns 43,327 shares of the company’s stock, valued at $4,570,998.50. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on CSL shares. BMO Capital Markets reduced their price objective on shares of Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, April 6th. Oppenheimer restated a “hold” rating on shares of Carlisle Companies in a research report on Sunday. Finally, Zacks Investment Research cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.86.
Shares of Carlisle Companies opened at $109.58 on Thursday, according to MarketBeat.com. The stock has a market capitalization of $6.68 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84. The company has a quick ratio of 2.45, a current ratio of 3.14 and a debt-to-equity ratio of 0.58. Carlisle Companies has a 52 week low of $92.09 and a 52 week high of $119.21.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, April 24th. The conglomerate reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.01. The business had revenue of $984.70 million during the quarter, compared to analysts’ expectations of $935.14 million. Carlisle Companies had a net margin of 14.48% and a return on equity of 12.97%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. equities research analysts predict that Carlisle Companies will post 5.85 EPS for the current fiscal year.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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