Alliancebernstein L.P. Sells 39,231 Shares of Carlisle Companies, Inc. (CSL)
Alliancebernstein L.P. lessened its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 722,807 shares of the conglomerate’s stock after selling 39,231 shares during the period. Alliancebernstein L.P.’s holdings in Carlisle Companies were worth $82,147,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC raised its position in Carlisle Companies by 32.3% in the third quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after purchasing an additional 615,655 shares in the last quarter. Schroder Investment Management Group grew its stake in Carlisle Companies by 16.4% during the third quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock worth $149,484,000 after buying an additional 209,448 shares during the last quarter. Victory Capital Management Inc. grew its stake in Carlisle Companies by 6.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,236,016 shares of the conglomerate’s stock worth $140,473,000 after buying an additional 73,621 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Carlisle Companies by 4.1% during the third quarter. Ameriprise Financial Inc. now owns 987,560 shares of the conglomerate’s stock worth $99,042,000 after buying an additional 38,451 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its stake in Carlisle Companies by 133.6% during the third quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock worth $89,668,000 after buying an additional 511,269 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Carlisle Companies, Inc. (CSL) opened at $107.47 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.50. The firm has a market cap of $6,640.00, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.09 and a beta of 0.86. Carlisle Companies, Inc. has a 52 week low of $92.09 and a 52 week high of $119.21.
Carlisle Companies announced that its board has approved a stock buyback plan on Tuesday, February 6th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, February 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. Carlisle Companies’s dividend payout ratio (DPR) is currently 22.29%.
Several brokerages have weighed in on CSL. Zacks Investment Research cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley reaffirmed a “buy” rating and set a $125.00 price objective on shares of Carlisle Companies in a research note on Friday, December 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a research note on Friday, February 9th. Finally, Robert W. Baird decreased their price objective on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Carlisle Companies has an average rating of “Buy” and an average target price of $124.63.
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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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