Bessemer Securities LLC lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,659 shares of the conglomerate’s stock after selling 800 shares during the quarter. Carlisle Companies makes up approximately 1.1% of Bessemer Securities LLC’s holdings, making the stock its 17th largest holding. Bessemer Securities LLC’s holdings in Carlisle Companies were worth $1,708,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth about $25,000. Coppell Advisory Solutions Corp. purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $29,000. Artemis Wealth Advisors LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at $42,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Carlisle Companies by 137.9% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 295 shares of the conglomerate’s stock worth $67,000 after purchasing an additional 171 shares during the period. Finally, Archer Investment Corp boosted its holdings in shares of Carlisle Companies by 20.0% during the first quarter. Archer Investment Corp now owns 300 shares of the conglomerate’s stock worth $77,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 90.70% of the company’s stock.
Wall Street Analysts Forecast Growth
CSL has been the subject of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $325.00 target price on shares of Carlisle Companies in a research note on Monday, September 25th. StockNews.com assumed coverage on shares of Carlisle Companies in a report on Thursday, October 5th. They set a “hold” rating on the stock. Zelman & Associates downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Jefferies Financial Group downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating and cut their price target for the stock from $325.00 to $290.00 in a research note on Tuesday, September 26th. Finally, Robert W. Baird boosted their price objective on shares of Carlisle Companies from $310.00 to $320.00 in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.14.
Carlisle Companies Stock Down 1.0 %
CSL stock traded down $2.60 during trading on Monday, reaching $270.66. The stock had a trading volume of 11,534 shares, compared to its average volume of 384,890. The company has a current ratio of 4.18, a quick ratio of 3.73 and a debt-to-equity ratio of 0.78. The firm has a fifty day moving average price of $261.14 and a 200 day moving average price of $253.29. The company has a market capitalization of $13.18 billion, a P/E ratio of 19.02, a PEG ratio of 1.27 and a beta of 0.88. Carlisle Companies Incorporated has a 1-year low of $203.65 and a 1-year high of $289.12.
Carlisle Companies (NYSE:CSL – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The conglomerate reported $4.68 EPS for the quarter, topping the consensus estimate of $4.57 by $0.11. Carlisle Companies had a return on equity of 27.87% and a net margin of 13.58%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $5.66 earnings per share. The company’s revenue was down 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 14.77 earnings per share for the current year.
Carlisle Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 14th. Carlisle Companies’s payout ratio is currently 23.66%.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.
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