Fmr LLC raised its position in shares of Carlisle Companies, Inc. (NYSE:CSL) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 530,252 shares of the conglomerate’s stock after purchasing an additional 137,831 shares during the quarter. Fmr LLC owned 0.93% of Carlisle Companies worth $53,301,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CSL. JOYN Advisors Inc. grew its stake in Carlisle Companies by 195.6% during the 4th quarter. JOYN Advisors Inc. now owns 269 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 178 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at about $50,000. Ffcm LLC lifted its holdings in shares of Carlisle Companies by 262.3% in the 4th quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock valued at $140,000 after buying an additional 1,010 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at about $196,000. Finally, First Mercantile Trust Co. lifted its holdings in shares of Carlisle Companies by 60.2% in the 4th quarter. First Mercantile Trust Co. now owns 1,995 shares of the conglomerate’s stock valued at $200,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 90.77% of the company’s stock.
NYSE CSL opened at $127.38 on Wednesday. The stock has a market capitalization of $7.30 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.01. Carlisle Companies, Inc. has a twelve month low of $92.16 and a twelve month high of $129.47. The company has a quick ratio of 2.69, a current ratio of 3.45 and a debt-to-equity ratio of 0.61.
Carlisle Companies announced that its board has initiated a share repurchase plan on Tuesday, February 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently issued reports on CSL. Robert W. Baird set a $134.00 price objective on Carlisle Companies and gave the company a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research cut Carlisle Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Oppenheimer boosted their price objective on Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, April 5th. BMO Capital Markets boosted their price objective on Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, February 19th. Finally, SunTrust Banks reissued a “buy” rating and issued a $138.00 price objective on shares of Carlisle Companies in a report on Sunday, February 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $127.57.
In other Carlisle Companies news, VP Scott C. Selbach sold 20,850 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $119.83, for a total transaction of $2,498,455.50. Following the completion of the transaction, the vice president now owns 62,916 shares of the company’s stock, valued at $7,539,224.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Berlin sold 15,150 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.24, for a total value of $1,882,236.00. Following the transaction, the insider now directly owns 47,221 shares of the company’s stock, valued at approximately $5,866,737.04. The disclosure for this sale can be found here. Insiders sold a total of 69,865 shares of company stock valued at $8,452,327 in the last ninety days. 1.70% of the stock is currently owned by insiders.
Carlisle Companies Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
Further Reading: Support Level
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