Eaton Vance Management grew its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,658 shares of the conglomerate’s stock after buying an additional 16,250 shares during the quarter. Eaton Vance Management’s holdings in Carlisle Companies were worth $7,576,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Carlisle Companies by 3.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after buying an additional 75 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Carlisle Companies by 0.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 70,705 shares of the conglomerate’s stock valued at $8,036,000 after buying an additional 545 shares in the last quarter. Barrett Asset Management LLC increased its stake in shares of Carlisle Companies by 14.5% in the third quarter. Barrett Asset Management LLC now owns 5,202 shares of the conglomerate’s stock valued at $522,000 after buying an additional 660 shares in the last quarter. Kwmg LLC increased its stake in shares of Carlisle Companies by 6.5% in the third quarter. Kwmg LLC now owns 15,948 shares of the conglomerate’s stock valued at $1,599,000 after buying an additional 978 shares in the last quarter. Finally, Stanley Laman Group Ltd. increased its stake in shares of Carlisle Companies by 2.1% in the fourth quarter. Stanley Laman Group Ltd. now owns 49,306 shares of the conglomerate’s stock valued at $5,604,000 after buying an additional 996 shares in the last quarter. Institutional investors own 87.39% of the company’s stock.
CSL has been the subject of a number of research reports. Zacks Investment Research lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. B. Riley set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research note on Thursday, February 22nd. SunTrust Banks restated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Friday, February 9th. Finally, Robert W. Baird lowered their target price on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Carlisle Companies currently has an average rating of “Buy” and an average price target of $124.63.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.20. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1 billion. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 earnings per share. equities analysts forecast that Carlisle Companies, Inc. will post 6.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, February 20th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, February 16th. Carlisle Companies’s dividend payout ratio is 25.92%.
Carlisle Companies declared that its board has initiated a stock repurchase plan on Tuesday, February 6th that permits the company to repurchase 5,000,000 outstanding shares. This repurchase authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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Carlisle Companies Company Profile
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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