William Blair Investment Management LLC Invests $990,000 in Carlisle Companies, Inc. (CSL)

William Blair Investment Management LLC purchased a new stake in shares of Carlisle Companies, Inc. (NYSE:CSL) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 8,124 shares of the conglomerate’s stock, valued at approximately $990,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fort L.P. acquired a new position in shares of Carlisle Companies during the second quarter valued at $122,000. Heartland Advisors Inc. acquired a new position in shares of Carlisle Companies during the third quarter valued at $222,000. Fox Run Management L.L.C. acquired a new position in shares of Carlisle Companies during the third quarter valued at $241,000. Natixis acquired a new position in shares of Carlisle Companies during the second quarter valued at $229,000. Finally, Virtu Financial LLC acquired a new position in shares of Carlisle Companies during the third quarter valued at $265,000. 87.33% of the stock is currently owned by institutional investors.

CSL has been the topic of a number of research analyst reports. SunTrust Banks raised their price target on Carlisle Companies from $132.00 to $135.00 and gave the company a “buy” rating in a report on Monday, October 1st. B. Riley set a $145.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Friday, October 19th. Longbow Research reaffirmed a “hold” rating on shares of Carlisle Companies in a report on Monday, September 24th. BMO Capital Markets lifted their target price on Carlisle Companies from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. Finally, Zacks Investment Research lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $128.50.

In related news, Director David A. Roberts sold 36,533 shares of Carlisle Companies stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $127.52, for a total transaction of $4,658,688.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by insiders.

NYSE:CSL opened at $99.52 on Friday. The stock has a market cap of $6.02 billion, a P/E ratio of 18.00, a PEG ratio of 1.20 and a beta of 1.12. Carlisle Companies, Inc. has a 52-week low of $92.16 and a 52-week high of $129.47. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.14). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. Carlisle Companies’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. Sell-side analysts anticipate that Carlisle Companies, Inc. will post 5.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, November 19th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, November 16th. Carlisle Companies’s payout ratio is currently 28.93%.

ILLEGAL ACTIVITY WARNING: This news story was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.thelincolnianonline.com/2018/12/08/william-blair-investment-management-llc-invests-990000-in-carlisle-companies-inc-csl.html.

Carlisle Companies 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.

Read More: What strategies should day traders use to execute a trade?

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies, Inc. (NYSE:CSL).

Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply