Commonwealth Bank of Australia acquired a new stake in Carlisle Companies, Inc. (NYSE:CSL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,500 shares of the conglomerate’s stock, valued at approximately $548,000.
Several other institutional investors also recently made changes to their positions in CSL. Wells Fargo & Company MN raised its position in Carlisle Companies by 178.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock worth $184,943,000 after buying an additional 1,094,184 shares during the last quarter. Select Equity Group L.P. purchased a new position in Carlisle Companies during the 2nd quarter worth approximately $82,864,000. Janus Henderson Group PLC raised its position in Carlisle Companies by 4.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock worth $464,263,000 after buying an additional 181,769 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in Carlisle Companies during the 2nd quarter worth approximately $14,516,000. Finally, Prudential Financial Inc. raised its position in Carlisle Companies by 61.1% during the 3rd quarter. Prudential Financial Inc. now owns 289,279 shares of the conglomerate’s stock worth $35,235,000 after buying an additional 109,660 shares during the last quarter. 87.07% of the stock is owned by hedge funds and other institutional investors.
CSL has been the subject of a number of recent research reports. SunTrust Banks raised their price target on shares of Carlisle Companies from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. B. Riley set a $145.00 price target on shares of Carlisle Companies and gave the stock a “buy” rating in a research report on Friday, October 19th. Longbow Research reissued a “hold” rating on shares of Carlisle Companies in a research report on Monday, September 24th. BMO Capital Markets raised their price target on shares of Carlisle Companies from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Carlisle Companies presently has a consensus rating of “Buy” and an average price target of $128.50.
Shares of NYSE CSL opened at $103.86 on Monday. The company has a market cap of $6.18 billion, a PE ratio of 17.82, a PEG ratio of 1.23 and a beta of 1.10. Carlisle Companies, Inc. has a 12 month low of $92.16 and a 12 month high of $129.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.55 and a current ratio of 3.27.
Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, October 23rd. The conglomerate reported $1.59 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 for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. As a group, analysts forecast that Carlisle Companies, Inc. will post 5.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. Carlisle Companies’s payout ratio is 28.93%.
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Carlisle Companies Company 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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