Reinhart Partners Inc. lessened its stake in shares of Carlisle Companies, Inc. (NYSE:CSL) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 93,232 shares of the conglomerate’s stock after selling 1,903 shares during the period. Reinhart Partners Inc.’s holdings in Carlisle Companies were worth $13,569,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Carlisle Companies in the second quarter valued at approximately $26,000. SRS Capital Advisors Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $32,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $32,000. Advisors Preferred LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $38,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Carlisle Companies by 510.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 293 shares of the conglomerate’s stock valued at $42,000 after buying an additional 245 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on the stock. 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 report on Thursday, October 24th. Oppenheimer lifted their price target on shares of Carlisle Companies from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. ValuEngine raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets boosted their target price on shares of Carlisle Companies from $135.00 to $150.00 and gave the company a “market perform” rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $148.14.
In other news, insider Nicholas J. Shears sold 5,323 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $158.56, for a total transaction of $844,014.88. Following the completion of the transaction, the insider now directly owns 11,995 shares of the company’s stock, valued at approximately $1,901,927.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brook Bruce 2,121 shares of Carlisle Companies stock in a transaction that occurred on Monday, October 21st. Insiders have sold a total of 19,028 shares of company stock valued at $2,920,165 over the last three months. 1.70% of the stock is currently owned by company insiders.
Carlisle Companies stock traded down $0.14 during midday trading on Friday, reaching $157.90. 241,706 shares of the stock traded hands, compared to its average volume of 378,122. The company has a current ratio of 3.04, a quick ratio of 2.31 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average price of $147.17 and a two-hundred day moving average price of $140.78. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.31 and a beta of 0.99. Carlisle Companies, Inc. has a fifty-two week low of $93.01 and a fifty-two week high of $160.52.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.13. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Carlisle Companies had a net margin of 9.66% and a return on equity of 17.99%. Carlisle Companies’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 EPS. Analysts anticipate that Carlisle Companies, Inc. will post 8.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s payout ratio is 32.15%.
About Carlisle Companies
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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