Sprucegrove Investment Management Ltd. lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 50,500 shares of the conglomerate’s stock after selling 17,400 shares during the quarter. Sprucegrove Investment Management Ltd. owned 0.10% of Carlisle Companies worth $8,311,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Carlisle Companies in the 4th quarter valued at $82,398,000. Caisse DE Depot ET Placement DU Quebec grew its position in Carlisle Companies by 27.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,778,430 shares of the conglomerate’s stock valued at $277,755,000 after acquiring an additional 381,279 shares during the last quarter. JPMorgan Chase & Co. grew its position in Carlisle Companies by 8.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,699,859 shares of the conglomerate’s stock valued at $577,845,000 after acquiring an additional 277,059 shares during the last quarter. Principal Financial Group Inc. grew its position in Carlisle Companies by 155.0% in the 4th quarter. Principal Financial Group Inc. now owns 431,026 shares of the conglomerate’s stock valued at $67,318,000 after acquiring an additional 262,008 shares during the last quarter. Finally, BlackRock Inc. grew its position in Carlisle Companies by 3.7% in the 1st quarter. BlackRock Inc. now owns 4,624,404 shares of the conglomerate’s stock valued at $761,086,000 after acquiring an additional 165,004 shares during the last quarter. 91.47% of the stock is currently owned by hedge funds and other institutional investors.
CSL has been the subject of several research reports. BMO Capital Markets upped their target price on Carlisle Companies from $180.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, April 26th. Longbow Research restated a “neutral” rating on shares of Carlisle Companies in a research note on Monday, April 19th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $215.00 price target for the company in a research note on Wednesday. Loop Capital increased their price target on Carlisle Companies from $184.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, April 26th. Finally, Oppenheimer increased their price target on Carlisle Companies from $194.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, May 14th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $195.00.
Carlisle Companies stock traded up $2.15 during midday trading on Friday, hitting $189.36. 228 shares of the company were exchanged, compared to its average volume of 300,481. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.37 and a beta of 1.03. Carlisle Companies Incorporated has a fifty-two week low of $109.72 and a fifty-two week high of $197.21. The stock’s fifty day simple moving average is $185.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.25 and a quick ratio of 2.45.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, April 21st. The conglomerate reported $1.47 EPS for the quarter, topping the consensus estimate of $0.69 by $0.78. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $970.33 million. Carlisle Companies had a return on equity of 14.26% and a net margin of 7.32%. Carlisle Companies’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 9.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.11%. The ex-dividend date was Friday, May 14th. Carlisle Companies’s payout ratio is currently 33.23%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
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