Northern Trust Corp trimmed its position in shares of Carlisle Companies, Inc. (NYSE:CSL) by 0.6% in the 2nd quarter, Holdings Channel reports. The fund owned 467,511 shares of the conglomerate’s stock after selling 2,973 shares during the quarter. Northern Trust Corp’s holdings in Carlisle Companies were worth $50,635,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of CSL. Wells Fargo & Company MN raised its stake in Carlisle Companies by 178.4% in the second quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock worth $184,943,000 after buying an additional 1,094,184 shares in the last quarter. Select Equity Group L.P. bought a new position in Carlisle Companies in the second quarter worth about $82,864,000. Reinhart Partners Inc. bought a new position in Carlisle Companies in the second quarter worth about $21,557,000. Janus Henderson Group PLC raised its stake in Carlisle Companies by 4.4% in the second quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after buying an additional 181,769 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC bought a new position in Carlisle Companies in the second quarter worth about $14,516,000. 91.31% of the stock is owned by hedge funds and other institutional investors.
In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $127.52, for a total transaction of $4,658,688.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by company insiders.
A number of equities analysts recently issued reports on CSL shares. BMO Capital Markets increased their price target on shares of Carlisle Companies from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, September 7th. SunTrust Banks increased their price target on shares of Carlisle Companies from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Longbow Research reissued a “hold” rating on shares of Carlisle Companies in a research note on Monday, September 24th. Zacks Investment Research downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Finally, B. Riley increased their price target on shares of Carlisle Companies from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $133.17.
Shares of NYSE CSL opened at $106.11 on Friday. Carlisle Companies, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $129.47. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. The company has a quick ratio of 2.40, a current ratio of 3.10 and a debt-to-equity ratio of 0.59.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, July 24th. The conglomerate reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.27. Carlisle Companies had a net margin of 14.20% and a return on equity of 13.21%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, sell-side analysts anticipate that Carlisle Companies, Inc. will post 6.06 EPS for the current year.
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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