Investec Asset Management North America Inc. purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,245 shares of the company’s stock, valued at approximately $9,843,000.
Several other large investors have also recently made changes to their positions in CSL. Alliancebernstein L.P. increased its position in shares of Carlisle Companies by 1.5% in the second quarter. Alliancebernstein L.P. now owns 1,358,530 shares of the company’s stock valued at $143,569,000 after buying an additional 20,568 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Carlisle Companies during the second quarter valued at about $10,040,000. Globeflex Capital L P increased its position in shares of Carlisle Companies by 1.0% in the second quarter. Globeflex Capital L P now owns 15,727 shares of the company’s stock valued at $1,662,000 after buying an additional 149 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of Carlisle Companies by 88.9% in the second quarter. Alambic Investment Management L.P. now owns 29,340 shares of the company’s stock valued at $3,101,000 after buying an additional 13,810 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management bought a new position in shares of Carlisle Companies during the second quarter valued at about $2,467,000. 87.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carlisle Companies Incorporated (NYSE:CSL) traded up 0.42% on Monday, reaching $105.60. The company’s stock had a trading volume of 654,637 shares. The stock has a 50-day moving average of $109.18 and a 200 day moving average of $107.19. Carlisle Companies Incorporated has a 1-year low of $83.63 and a 1-year high of $116.40. The stock has a market capitalization of $6.79 billion, a PE ratio of 27.65 and a beta of 0.77.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, February 9th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.03. The firm earned $893.50 million during the quarter, compared to analyst estimates of $907 million. Carlisle Companies had a return on equity of 15.67% and a net margin of 6.80%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 earnings per share. On average, equities analysts forecast that Carlisle Companies Incorporated will post $6.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Friday, February 17th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 36.75%.
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CSL has been the subject of several research reports. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Longbow Research downgraded Carlisle Companies from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 29th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Carlisle Companies in a research report on Tuesday, December 20th. Finally, BMO Capital Markets restated a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a research report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $115.63.
Carlisle Companies 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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