Public Employees Retirement System of Ohio reduced its stake in Carlisle Companies, Inc. (NYSE:CSL) by 34.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,082 shares of the conglomerate’s stock after selling 21,314 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Carlisle Companies were worth $5,979,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Krane Funds Advisors LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $26,000. SRS Capital Advisors Inc. acquired a new position in shares of Carlisle Companies in the second quarter valued at about $32,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Carlisle Companies in the second quarter worth about $32,000. Advisors Preferred LLC purchased a new position in shares of Carlisle Companies in the second quarter worth about $38,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Carlisle Companies by 510.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 293 shares of the conglomerate’s stock worth $42,000 after purchasing an additional 245 shares during the period. 88.99% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Douglas Charles Taylor bought 697 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $147.27 per share, for a total transaction of $102,647.19. Following the purchase, the vice president now directly owns 6,221 shares in the company, valued at approximately $916,166.67. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clark Megan 180 shares of Carlisle Companies stock in a transaction that occurred on Monday, November 18th. Insiders sold 69,673 shares of company stock worth $10,911,340 in the last 90 days. Company insiders own 1.70% of the company’s stock.
Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.13. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Carlisle Companies had a return on equity of 17.99% and a net margin of 9.66%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. As a group, equities research analysts predict that Carlisle Companies, Inc. will post 8.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. Carlisle Companies’s payout ratio is 32.15%.
A number of equities research analysts recently commented on CSL shares. ValuEngine lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Tuesday. Oppenheimer raised their price target on shares of Carlisle Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Zacks Investment Research raised shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 price target for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $150.00.
Carlisle Companies Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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