New Jersey Better Educational Savings Trust purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,000 shares of the conglomerate’s stock, valued at approximately $477,000.
A number of other hedge funds also recently modified their holdings of CSL. Canada Pension Plan Investment Board increased its stake in shares of Carlisle Companies by 32.7% in the second quarter. Canada Pension Plan Investment Board now owns 6,500 shares of the conglomerate’s stock worth $620,000 after buying an additional 1,600 shares during the period. Blue Sky Asset Management LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $727,000. Pioneer Investment Management Inc. bought a new stake in shares of Carlisle Companies during the second quarter worth $73,025,000. Barrett Asset Management LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $433,000. Finally, TD Asset Management Inc. increased its stake in shares of Carlisle Companies by 8.4% in the second quarter. TD Asset Management Inc. now owns 35,175 shares of the conglomerate’s stock worth $3,356,000 after buying an additional 2,740 shares during the period. 95.18% of the stock is owned by hedge funds and other institutional investors.
Carlisle Companies Incorporated (CSL) opened at 94.92 on Friday. The company has a market capitalization of $6.00 billion, a P/E ratio of 26.83 and a beta of 0.77. The stock’s 50 day moving average is $97.17 and its 200-day moving average is $102.47. Carlisle Companies Incorporated has a 12-month low of $93.47 and a 12-month high of $116.40.
Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Carlisle Companies had a net margin of 6.04% and a return on equity of 15.18%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. On average, equities analysts predict that Carlisle Companies Incorporated will post $5.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.35. Carlisle Companies’s payout ratio is presently 39.66%.
A number of brokerages have weighed in on CSL. BidaskClub downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. FBR & Co reissued an “outperform” rating and issued a $125.00 price target on shares of Carlisle Companies in a report on Tuesday, July 11th. Robert W. Baird reaffirmed an “outperform” rating on shares of Carlisle Companies in a report on Monday, July 10th. Zacks Investment Research downgraded shares of Carlisle Companies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, CIBC reaffirmed a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $122.50.
Carlisle Companies Company Profile
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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