Northwestern Mutual Investment Management Company LLC boosted its position in shares of Carlisle Companies (NYSE:CSL) by 55.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,643 shares of the conglomerate’s stock after buying an additional 4,524 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Carlisle Companies were worth $1,320,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LSV Asset Management purchased a new position in shares of Carlisle Companies in the 1st quarter valued at approximately $104,000. Toronto Dominion Bank grew its stake in shares of Carlisle Companies by 102.4% in the 1st quarter. Toronto Dominion Bank now owns 1,191 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 50,252 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Carlisle Companies by 4,659.0% in the 4th quarter. Advisory Services Network LLC now owns 1,856 shares of the conglomerate’s stock valued at $211,000 after purchasing an additional 1,817 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of Carlisle Companies in the 1st quarter valued at approximately $218,000. Finally, New Amsterdam Partners LLC NY purchased a new stake in shares of Carlisle Companies in the first quarter valued at approximately $225,000. 89.41% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on CSL. BMO Capital Markets decreased their price target on Carlisle Companies from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, April 6th. B. Riley set a $125.00 price target on Carlisle Companies and gave the company a “buy” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $123.86.
In other Carlisle Companies news, insider John W. Altmeyer sold 11,650 shares of the firm’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $107.41, for a total value of $1,251,326.50. Following the completion of the sale, the insider now directly owns 184,679 shares in the company, valued at $19,836,371.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John E. Berlin sold 15,420 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $105.50, for a total transaction of $1,626,810.00. Following the completion of the sale, the insider now owns 43,327 shares of the company’s stock, valued at $4,570,998.50. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Carlisle Companies opened at $108.33 on Tuesday, MarketBeat Ratings reports. Carlisle Companies has a 1-year low of $92.09 and a 1-year high of $119.21. The company has a market capitalization of $6.62 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.23 and a beta of 0.85. The company has a current ratio of 3.14, a quick ratio of 2.45 and a debt-to-equity ratio of 0.58.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, April 24th. The conglomerate reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. Carlisle Companies had a net margin of 14.48% and a return on equity of 12.97%. The business had revenue of $984.70 million during the quarter, compared to the consensus estimate of $935.14 million. During the same quarter last year, the firm earned $0.94 earnings per share. Carlisle Companies’s quarterly revenue was up 27.2% on a year-over-year basis. equities analysts anticipate that Carlisle Companies will post 5.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Tuesday, May 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, May 14th. Carlisle Companies’s payout ratio is 26.76%.
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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