Hahn Capital Management LLC lowered its holdings in shares of Carlisle Companies (NYSE:CSL) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,432 shares of the conglomerate’s stock after selling 2,996 shares during the quarter. Carlisle Companies makes up approximately 2.0% of Hahn Capital Management LLC’s holdings, making the stock its 27th biggest position. Hahn Capital Management LLC owned about 0.31% of Carlisle Companies worth $21,529,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AMP Capital Investors Ltd increased its holdings in Carlisle Companies by 45.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 15,100 shares of the conglomerate’s stock worth $1,514,000 after acquiring an additional 4,736 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Carlisle Companies by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 734,480 shares of the conglomerate’s stock worth $83,474,000 after purchasing an additional 17,436 shares during the period. First Quadrant L P CA bought a new position in Carlisle Companies in the 4th quarter worth approximately $5,628,000. Royce & Associates LP boosted its stake in Carlisle Companies by 2.6% in the 4th quarter. Royce & Associates LP now owns 116,781 shares of the conglomerate’s stock worth $13,272,000 after purchasing an additional 3,000 shares during the period. Finally, Stanley Laman Group Ltd. boosted its stake in Carlisle Companies by 2.1% in the 4th quarter. Stanley Laman Group Ltd. now owns 49,306 shares of the conglomerate’s stock worth $5,604,000 after purchasing an additional 996 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Carlisle Companies stock traded down $1.85 during trading on Thursday, hitting $105.34. The stock had a trading volume of 603,575 shares, compared to its average volume of 485,512. Carlisle Companies has a 1 year low of $92.09 and a 1 year high of $119.21. The stock has a market capitalization of $6,495.89, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.08 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.50.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1 billion. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. research analysts forecast that Carlisle Companies will post 6.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, February 16th. Carlisle Companies’s dividend payout ratio is presently 25.92%.
Carlisle Companies announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 6th that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Robert W. Baird lowered their target price on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. SunTrust Banks reiterated a “buy” rating and set a $130.00 target price on shares of Carlisle Companies in a research report on Friday, February 9th. Finally, B. Riley set a $125.00 price target on Carlisle Companies and gave the company a “buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $124.63.
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Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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