State Treasurer State of Michigan Has $3,797,000 Position in Carlisle Cos. Inc. (CSL)
State Treasurer State of Michigan increased its stake in shares of Carlisle Cos. Inc. (NYSE:CSL) by 43.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,020 shares of the company’s stock after buying an additional 11,300 shares during the period. State Treasurer State of Michigan owned approximately 0.06% of Carlisle Cos. worth $3,797,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CSL. Washington Trust Bank raised its position in Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock valued at $124,000 after buying an additional 7 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock worth $103,000 after buying an additional 17 shares in the last quarter. Genesee Valley Trust Co. raised its stake in Carlisle Cos. by 1.7% in the second quarter. Genesee Valley Trust Co. now owns 2,458 shares of the company’s stock worth $260,000 after buying an additional 42 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Carlisle Cos. by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 4,601 shares of the company’s stock worth $472,000 after buying an additional 61 shares in the last quarter. Finally, Calvert Investment Management Inc. raised its stake in Carlisle Cos. by 1.9% in the second quarter. Calvert Investment Management Inc. now owns 5,050 shares of the company’s stock worth $534,000 after buying an additional 96 shares in the last quarter. 87.56% of the stock is currently owned by hedge funds and other institutional investors.
Carlisle Cos. Inc. (NYSE:CSL) traded up 0.55% on Tuesday, reaching $115.00. The company’s stock had a trading volume of 498,223 shares. Carlisle Cos. Inc. has a 52-week low of $75.17 and a 52-week high of $116.02. The firm’s 50-day moving average price is $107.68 and its 200 day moving average price is $104.62. The company has a market cap of $7.42 billion, a P/E ratio of 29.51 and a beta of 0.77.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.05. Carlisle Cos. had a return on equity of 15.66% and a net margin of 6.99%. The firm had revenue of $991 million for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Carlisle Cos. Inc. will post $5.83 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be given a $0.35 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.22%. Carlisle Cos.’s dividend payout ratio (DPR) is presently 35.99%.
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A number of research firms have recently commented on CSL. Longbow Research lowered Carlisle Cos. from a “buy” rating to a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research lowered Carlisle Cos. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $113.57.
In other news, insider John W. Altmeyer sold 51,505 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $111.24, for a total value of $5,729,416.20. Following the transaction, the insider now directly owns 210,565 shares of the company’s stock, valued at approximately $23,423,250.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.71% of the stock is owned by company insiders.
About Carlisle Cos.
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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