State Treasurer State of Michigan trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,720 shares of the conglomerate’s stock after selling 2,900 shares during the period. State Treasurer State of Michigan’s holdings in Carlisle Companies were worth $2,379,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. NEXT Financial Group Inc increased its stake in Carlisle Companies by 39.3% during the second quarter. NEXT Financial Group Inc now owns 1,091 shares of the conglomerate’s stock valued at $104,000 after acquiring an additional 308 shares during the period. Creative Planning increased its stake in Carlisle Companies by 8.8% during the second quarter. Creative Planning now owns 1,859 shares of the conglomerate’s stock valued at $177,000 after acquiring an additional 150 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Carlisle Companies by 3.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,446 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 75 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Carlisle Companies during the second quarter valued at about $253,000. Finally, Cetera Investment Advisers bought a new position in Carlisle Companies during the second quarter valued at about $256,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, October 27th. SunTrust Banks, Inc. lifted their price objective on Carlisle Companies to $126.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Carlisle Companies in a report on Wednesday, October 25th. Robert W. Baird lifted their price objective on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, FBR & Co set a $125.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $122.33.
In related news, insider John E. Berlin sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $94.31, for a total value of $589,437.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.12% of the stock is owned by insiders.
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Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, October 24th. The conglomerate reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.05 billion. Carlisle Companies had a net margin of 8.35% and a return on equity of 14.11%. Carlisle Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 earnings per share.
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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