Oppenheimer Asset Management Inc. Lowers Stake in Carlisle Companies Incorporated (CSL)
Oppenheimer Asset Management Inc. cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,312 shares of the conglomerate’s stock after selling 449 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Carlisle Companies were worth $316,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CSL. Canada Pension Plan Investment Board grew its position in shares of Carlisle Companies by 81.5% in the first quarter. Canada Pension Plan Investment Board now owns 4,900 shares of the conglomerate’s stock valued at $521,000 after purchasing an additional 2,200 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Carlisle Companies by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 37,962 shares of the conglomerate’s stock valued at $4,037,000 after purchasing an additional 1,497 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Carlisle Companies by 21.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,402 shares of the conglomerate’s stock valued at $256,000 after purchasing an additional 424 shares during the last quarter. Swiss National Bank grew its position in shares of Carlisle Companies by 0.4% in the first quarter. Swiss National Bank now owns 106,600 shares of the conglomerate’s stock valued at $11,343,000 after purchasing an additional 400 shares during the last quarter. Finally, World Asset Management Inc grew its position in shares of Carlisle Companies by 5.6% in the first quarter. World Asset Management Inc now owns 4,401 shares of the conglomerate’s stock valued at $468,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.
CSL has been the topic of several research reports. BidaskClub lowered shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, June 14th. Robert W. Baird restated an “outperform” rating on shares of Carlisle Companies in a research report on Monday, July 10th. Finally, FBR & Co restated an “outperform” rating and set a $125.00 target price on shares of Carlisle Companies in a research report on Tuesday, July 11th. 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 company. Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $121.00.
Shares of Carlisle Companies Incorporated (NYSE:CSL) opened at 98.29 on Tuesday. Carlisle Companies Incorporated has a 12 month low of $92.09 and a 12 month high of $116.40. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 27.78 and a beta of 0.77. The company’s 50-day moving average is $95.60 and its 200-day moving average is $100.08.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.03). Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Carlisle Companies Incorporated will post $5.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s payout ratio is currently 41.93%.
In other news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.12% of the stock is owned by insiders.
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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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