Quantbot Technologies LP Acquires 25,713 Shares of Carlisle Companies Incorporated (CSL)
Quantbot Technologies LP raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 244.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,241 shares of the conglomerate’s stock after purchasing an additional 25,713 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Carlisle Companies worth $3,457,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc boosted its holdings in Carlisle Companies by 39.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after purchasing an additional 308 shares during the period. Creative Planning boosted its holdings in Carlisle Companies by 8.8% in the 2nd quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after purchasing an additional 150 shares during the period. Fairfax Financial Holdings Ltd Can bought a new stake in Carlisle Companies in the 1st quarter valued at about $202,000. Raymond James Financial Services Advisors Inc. bought a new stake in Carlisle Companies in the 1st quarter valued at about $252,000. Finally, Engineers Gate Manager LP bought a new stake in Carlisle Companies in the 1st quarter valued at about $255,000. 88.55% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the stock. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Robert W. Baird reaffirmed an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. FBR & Co reaffirmed an “outperform” rating and set a $125.00 price target on shares of Carlisle Companies in a report on Tuesday, July 11th. Finally, Buckingham Research assumed coverage on shares of Carlisle Companies in a report on Tuesday, September 5th. They set a “buy” rating and a $115.00 price target for the company. One research 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’s stock. Carlisle Companies presently has a consensus rating of “Hold” and a consensus target price of $121.00.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of Carlisle Companies 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.12% of the company’s stock.
Shares of Carlisle Companies Incorporated (NYSE:CSL) traded down 1.18% during mid-day trading on Friday, hitting $98.25. 130,972 shares of the stock were exchanged. The stock’s 50-day moving average is $95.60 and its 200-day moving average is $100.02. Carlisle Companies Incorporated has a 52 week low of $92.09 and a 52 week high of $116.40. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 27.77 and a beta of 0.77.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts forecast that Carlisle Companies Incorporated will post $5.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders 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 positive change from Carlisle Companies’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 1.49%. Carlisle Companies’s payout ratio is presently 41.93%.
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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