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%.
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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.
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