UBS Asset Management Americas Inc. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 46.2% during the first quarter, Holdings Channel reports. The fund owned 49,531 shares of the conglomerate’s stock after buying an additional 15,645 shares during the period. UBS Asset Management Americas Inc.’s holdings in Carlisle Companies were worth $5,271,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in CSL. Private Trust Co. NA bought a new position in Carlisle Companies during the first quarter worth $468,000. Highbridge Capital Management LLC bought a new position in Carlisle Companies during the fourth quarter worth $321,000. Sit Investment Associates Inc. raised its position in Carlisle Companies by 51.3% in the first quarter. Sit Investment Associates Inc. now owns 24,850 shares of the conglomerate’s stock worth $2,644,000 after buying an additional 8,425 shares during the last quarter. Palisade Capital Management LLC NJ bought a new position in Carlisle Companies during the first quarter worth $225,000. Finally, Teachers Advisors LLC raised its position in Carlisle Companies by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 132,286 shares of the conglomerate’s stock worth $14,590,000 after buying an additional 7,654 shares during the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.
Carlisle Companies Incorporated (NYSE CSL) opened at 93.50 on Wednesday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 25.18 and a beta of 0.75. The company has a 50 day moving average price of $100.31 and a 200 day moving average price of $105.90. Carlisle Companies Incorporated has a 52 week low of $93.47 and a 52 week high of $116.40.
Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 27th. The conglomerate reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $857.30 million during the quarter, compared to analysts’ expectations of $832.50 million. During the same period last year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts expect that Carlisle Companies Incorporated will post $5.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, May 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. Carlisle Companies’s dividend payout ratio (DPR) is 37.84%.
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A number of equities analysts have weighed in on CSL shares. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. BMO Capital Markets restated a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a research note on Thursday, April 20th. BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. set a $120.00 price target on Carlisle Companies and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, CIBC restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $118.25.
In other news, insider John E. Berlin sold 19,860 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 56,262 shares of the company’s stock, valued at approximately $5,882,192.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company 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.
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