Oregon Public Employees Retirement Fund reduced its position in Carlisle Companies, Inc. (NYSE:CSL) by 9.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,378 shares of the conglomerate’s stock after selling 2,204 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Carlisle Companies were worth $3,460,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CSL. Clear Harbor Asset Management LLC bought a new stake in Carlisle Companies in the 4th quarter valued at about $32,000. Steward Partners Investment Advisory LLC raised its stake in Carlisle Companies by 510.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 293 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 245 shares during the period. CENTRAL TRUST Co raised its stake in Carlisle Companies by 239.4% in the 3rd quarter. CENTRAL TRUST Co now owns 560 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 395 shares during the period. Quest Capital Management Inc. ADV bought a new stake in Carlisle Companies in the 3rd quarter valued at about $88,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Carlisle Companies by 247.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 800 shares of the conglomerate’s stock valued at $129,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds own 89.40% of the company’s stock.
Several brokerages have recently weighed in on CSL. Robert W. Baird upped their price target on Carlisle Companies from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. ValuEngine cut Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Oppenheimer upped their price target on Carlisle Companies from to in a research report on Tuesday, January 21st. Loop Capital assumed coverage on Carlisle Companies in a report on Tuesday, January 7th. They set a “hold” rating and a $178.00 price objective for the company. Finally, Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating and set a $164.00 price objective for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $165.86.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, February 6th. The conglomerate reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.19. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Carlisle Companies had a return on equity of 18.29% and a net margin of 9.83%. Carlisle Companies’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. On average, equities research analysts anticipate that Carlisle Companies, Inc. will post 8.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, February 19th. Carlisle Companies’s dividend payout ratio is currently 24.13%.
In other news, insider Clark Megan 180 shares of Carlisle Companies stock in a transaction that occurred on Monday, November 18th. 1.70% of the stock is owned by corporate insiders.
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.
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