MetLife Investment Advisors LLC Lowers Stock Holdings in Carlisle Companies, Inc. (NYSE:CSL)

MetLife Investment Advisors LLC decreased its position in shares of Carlisle Companies, Inc. (NYSE:CSL) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,917 shares of the conglomerate’s stock after selling 1,390 shares during the period. MetLife Investment Advisors LLC owned 0.06% of Carlisle Companies worth $4,282,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CSL. Advisory Services Network LLC increased its stake in Carlisle Companies by 148.2% in the first quarter. Advisory Services Network LLC now owns 283 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 169 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Carlisle Companies by 19.8% during the first quarter. Rehmann Capital Advisory Group now owns 5,046 shares of the conglomerate’s stock worth $619,000 after acquiring an additional 833 shares during the last quarter. Dynamic Capital Management Ltd acquired a new stake in Carlisle Companies during the first quarter worth about $1,448,000. Hancock Whitney Corp increased its stake in Carlisle Companies by 4.3% during the first quarter. Hancock Whitney Corp now owns 14,867 shares of the conglomerate’s stock worth $1,823,000 after acquiring an additional 616 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Carlisle Companies by 156.5% during the first quarter. Citigroup Inc. now owns 22,506 shares of the conglomerate’s stock worth $2,760,000 after acquiring an additional 13,732 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director David A. Roberts sold 28,571 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $137.74, for a total value of $3,935,369.54. Following the sale, the director now owns 88,397 shares of the company’s stock, valued at approximately $12,175,802.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

CSL traded up $1.44 on Friday, reaching $135.38. The company’s stock had a trading volume of 239,441 shares, compared to its average volume of 359,839. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.15 and a current ratio of 2.96. The firm has a 50 day moving average of $137.42. Carlisle Companies, Inc. has a 1 year low of $92.16 and a 1 year high of $142.30. The firm has a market cap of $7.72 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.04.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.31. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Carlisle Companies had a return on equity of 15.22% and a net margin of 8.34%. Carlisle Companies’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Research analysts anticipate that Carlisle Companies, Inc. will post 7.82 earnings per share for the current year.

CSL has been the subject of several research analyst reports. BMO Capital Markets upped their price target on Inflarx to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Buckingham Research lowered Lithia Motors from a “buy” rating to a “neutral” rating and upped their price target for the stock from $120.00 to $125.00 in a research note on Monday, July 8th. They noted that the move was a valuation call. ValuEngine lowered Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Oppenheimer increased their target price on Carlisle Companies from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Tuesday, June 18th. Finally, Robert W. Baird lowered their target price on Waters from $211.00 to $209.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $141.50.

Carlisle Companies Profile

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.

See Also: Systematic Risk

Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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