Barings LLC Has $1,598,000 Position in Carlisle Companies Incorporated (CSL)

Barings LLC held its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, Holdings Channel reports. The fund owned 15,020 shares of the conglomerate’s stock at the end of the first quarter. Barings LLC’s holdings in Carlisle Companies were worth $1,598,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC purchased a new stake in Carlisle Companies during the fourth quarter valued at $546,000. Israel Discount Bank of New York GFN purchased a new stake in Carlisle Companies during the fourth quarter valued at $178,000. Norges Bank purchased a new stake in Carlisle Companies during the fourth quarter valued at $59,550,000. Cigna Investments Inc. New purchased a new stake in Carlisle Companies during the fourth quarter valued at $258,000. Finally, Guggenheim Capital LLC increased its stake in Carlisle Companies by 167.0% in the fourth quarter. Guggenheim Capital LLC now owns 120,886 shares of the conglomerate’s stock valued at $13,332,000 after buying an additional 75,618 shares during the period. 91.74% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Incorporated (CSL) traded down 0.415% during midday trading on Tuesday, hitting $94.705. The company had a trading volume of 191,790 shares. The firm’s 50 day moving average is $100.31 and its 200-day moving average is $105.90. Carlisle Companies Incorporated has a 52 week low of $94.29 and a 52 week high of $116.40. The firm has a market capitalization of $6.12 billion, a P/E ratio of 25.499 and a beta of 0.75.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 27th. The conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Carlisle Companies had a net margin of 6.51% and a return on equity of 15.44%. The business had revenue of $857.30 million during the quarter, compared to analyst estimates of $832.50 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Carlisle Companies Incorporated will post $5.70 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, May 10th. This represents a $1.40 annualized dividend and a yield of 1.47%. Carlisle Companies’s payout ratio is 37.84%.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, March 10th. CIBC reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. BMO Capital Markets reissued a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a report on Thursday, April 20th. BidaskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Oppenheimer Holdings, Inc. set a $120.00 price objective on Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $118.25.

In other Carlisle Companies news, insider John E. Berlin sold 19,860 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $104.55, for a total transaction of $2,076,363.00. Following the completion of the sale, the insider now directly owns 56,262 shares in the company, valued at $5,882,192.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.12% of the company’s stock.

About Carlisle Companies

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.

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies Incorporated (NYSE:CSL).

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

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