Skandinaviska Enskilda Banken AB publ bought a new position in shares of Carlisle Companies, Inc. (NYSE:CSL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,900 shares of the conglomerate’s stock, valued at approximately $267,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Carlisle Companies by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock valued at $96,735,000 after acquiring an additional 37,916 shares in the last quarter. Geode Capital Management LLC lifted its position in Carlisle Companies by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 585,700 shares of the conglomerate’s stock valued at $58,874,000 after acquiring an additional 39,715 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in Carlisle Companies by 84.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,004 shares of the conglomerate’s stock valued at $246,000 after acquiring an additional 917 shares in the last quarter. Stevens Capital Management LP bought a new position in Carlisle Companies in the 1st quarter valued at approximately $2,579,000. Finally, South Dakota Investment Council lifted its position in Carlisle Companies by 16.4% in the 1st quarter. South Dakota Investment Council now owns 55,400 shares of the conglomerate’s stock valued at $6,793,000 after acquiring an additional 7,800 shares in the last quarter. Institutional investors own 87.14% of the company’s stock.
Several equities analysts recently issued reports on the company. Buckingham Research cut Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price objective on the stock. in a research report on Monday, July 8th. ValuEngine cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Oppenheimer upped their price objective on Carlisle Companies from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Carlisle Companies currently has an average rating of “Buy” and a consensus target price of $142.13.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.26. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. Carlisle Companies had a net margin of 9.04% and a return on equity of 16.52%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 EPS. As a group, sell-side analysts forecast that Carlisle Companies, Inc. will post 8.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. Carlisle Companies’s payout ratio is currently 32.15%.
In other Carlisle Companies news, Director David A. Roberts sold 28,571 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $137.74, for a total transaction of $3,935,369.54. Following the completion of the sale, the director now directly owns 88,397 shares in the company, valued at approximately $12,175,802.78. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.
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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