Eagle Asset Management Inc. reduced its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 33.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,346 shares of the conglomerate’s stock after selling 49,631 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.17% of Carlisle Companies worth $12,100,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CSL. Fort L.P. acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $122,000. First Mercantile Trust Co. acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $136,000. Natixis acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $229,000. Fox Run Management L.L.C. acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $241,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $248,000. 87.07% of the stock is owned by institutional investors and hedge funds.
In other Carlisle Companies news, Director David A. Roberts sold 36,533 shares of the stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.47% and a net margin of 14.21%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $1.37 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. As a group, research analysts forecast that Carlisle Companies, Inc. will post 5.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. Carlisle Companies’s payout ratio is 28.93%.
A number of analysts recently issued reports on the company. Longbow Research raised Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Tuesday, November 13th. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Monday, July 30th. SunTrust Banks upped their target price on Carlisle Companies from $132.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, October 1st. B. Riley set a $145.00 target price on Carlisle Companies and gave the company a “buy” rating in a research report on Friday, October 19th. Finally, BMO Capital Markets upped their target price on Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, September 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Carlisle Companies currently has a consensus rating of “Buy” and an average price target of $128.50.
About Carlisle Companies
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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