Quantitative Systematic Strategies LLC acquired a new position in Carlisle Cos. Inc. (NYSE:CSL) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,637 shares of the company’s stock, valued at approximately $581,000.
A number of other institutional investors have also recently made changes to their positions in CSL. BlackRock Institutional Trust Company N.A. increased its position in shares of Carlisle Cos. by 28.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,518,429 shares of the company’s stock worth $250,584,000 after buying an additional 564,390 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Carlisle Cos. by 5.1% in the first quarter. Wellington Management Group LLP now owns 1,278,034 shares of the company’s stock worth $127,164,000 after buying an additional 62,198 shares during the last quarter. American Century Companies Inc. increased its position in shares of Carlisle Cos. by 9.5% in the second quarter. American Century Companies Inc. now owns 662,536 shares of the company’s stock worth $70,017,000 after buying an additional 57,480 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Carlisle Cos. by 3.1% in the first quarter. Geode Capital Management LLC now owns 394,834 shares of the company’s stock worth $39,285,000 after buying an additional 11,812 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Carlisle Cos. by 127.6% in the first quarter. Renaissance Technologies LLC now owns 332,500 shares of the company’s stock worth $33,084,000 after buying an additional 186,400 shares during the last quarter. Institutional investors own 88.94% of the company’s stock.
Shares of Carlisle Cos. Inc. (NYSE:CSL) traded up 0.01% during midday trading on Friday, reaching $104.82. 217,965 shares of the company were exchanged. Carlisle Cos. Inc. has a 52-week low of $75.17 and a 52-week high of $109.13. The firm’s 50 day moving average is $102.87 and its 200-day moving average is $102.93. The company has a market capitalization of $6.77 billion, a PE ratio of 18.71 and a beta of 1.13.
Carlisle Cos. (NYSE:CSL) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. The firm earned $996.90 million during the quarter, compared to the consensus estimate of $1.01 billion. Carlisle Cos. had a net margin of 10.14% and a return on equity of 15.40%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.54 earnings per share. On average, equities analysts forecast that Carlisle Cos. Inc. will post $5.79 earnings per share for the current fiscal year.
A number of equities analysts have commented on CSL shares. Oppenheimer Holdings Inc. restated a “buy” rating and set a $112.00 price objective on shares of Carlisle Cos. in a research report on Tuesday, June 28th. SunTrust Banks Inc. started coverage on shares of Carlisle Cos. in a research report on Thursday, June 16th. They set a “buy” rating and a $120.00 price objective for the company. Zacks Investment Research upgraded shares of Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Tuesday, June 28th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $108.00 price target on shares of Carlisle Cos. in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Carlisle Cos. has an average rating of “Buy” and an average price target of $113.57.
In other news, VP Scott C. Selbach sold 36,085 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $105.59, for a total transaction of $3,810,215.15. Following the completion of the transaction, the vice president now owns 67,112 shares of the company’s stock, valued at $7,086,356.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.71% of the stock is currently owned by company insiders.
Carlisle Cos. Company Profile
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).
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