Carlisle Companies Incorporated (CSL) Shares Sold by Comerica Bank
Comerica Bank lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,759 shares of the conglomerate’s stock after selling 856 shares during the period. Comerica Bank owned about 0.08% of Carlisle Companies worth $5,608,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CSL. Toronto Dominion Bank bought a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $126,000. Creative Planning lifted its stake in shares of 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 acquiring an additional 150 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Carlisle Companies by 3.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 75 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $253,000. Finally, Cetera Investment Advisers bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $256,000. 88.83% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on CSL. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. SunTrust Banks, Inc. upped their price target on Carlisle Companies to $126.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating on shares of Carlisle Companies in a research report on Wednesday, November 1st. Robert W. Baird upped their price target on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Carlisle Companies in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $122.33.
Carlisle Companies Incorporated (NYSE:CSL) opened at $110.54 on Wednesday. Carlisle Companies Incorporated has a twelve month low of $92.09 and a twelve month high of $116.40. The company has a current ratio of 2.14, a quick ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6,810.41, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.39 and a beta of 0.86.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $1.74 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. sell-side analysts expect that Carlisle Companies Incorporated will post 4.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.34%. Carlisle Companies’s dividend payout ratio (DPR) is 29.31%.
In other Carlisle Companies news, insider John E. Berlin sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $94.31, for a total transaction of $589,437.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.12% of the stock is currently owned by corporate 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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