Leith Wheeler Investment Counsel Ltd. lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL – Get Rating ) by 25.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,411 shares of the conglomerate’s stock after selling 12,190 shares during the period. Carlisle Companies makes up approximately 1.3% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 16th biggest holding. Leith Wheeler Investment Counsel Ltd. owned approximately 0.07% of Carlisle Companies worth $8,345,000 at the end of the most recent reporting period.
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Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bishop Rock Capital LP purchased a new position in shares of Carlisle Companies in the second quarter worth about $22,818,000. Vanguard Group Inc. raised its stake in shares of Carlisle Companies by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,315,205 shares of the conglomerate’s stock valued at $1,490,437,000 after acquiring an additional 100,442 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Carlisle Companies by 8.3% in the third quarter. BlackRock Inc. now owns 4,760,680 shares of the conglomerate’s stock valued at $1,334,940,000 after acquiring an additional 363,372 shares in the last quarter. State Street Corp boosted its stake in shares of Carlisle Companies by 8.8% in the third quarter. State Street Corp now owns 2,079,548 shares of the conglomerate’s stock valued at $583,126,000 after purchasing an additional 167,704 shares during the last quarter. Finally, FMR LLC raised its position in Carlisle Companies by 12.2% in the second quarter. FMR LLC now owns 994,106 shares of the conglomerate’s stock valued at $237,205,000 after buying an additional 108,303 shares during the period. 89.76% of the shares are currently owned by hedge funds and other institutional investors.
Shares of Carlisle Companies fell 2.7%
Shares of CSL stock traded down $6.11 during mid-day trading on Friday, hitting $218.21. 1,540,383 shares of the company’s stock traded hands, compared to its average volume of 371,269. The company’s 50-day moving average price is $248.90 and its 200-day moving average price is $259.09. The company has a market cap of $11.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.61 and a beta of 0.94. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.75. Carlisle Companies Incorporated has a 12-month low of $215.36 and a 12-month high of $318.71.
Carlisle Companies (NYSE:CSL – Get Rating ) last announced its quarterly earnings data on Tuesday, February 7th. The conglomerate reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.06. Carlisle Companies had a net margin of 14.02% and a return on equity of 36.27%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. In the same quarter last year, the company earned $2.92 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. on average, equities analysts expect that Carlisle Companies Incorporated will post 21.22 earnings per share for the current fiscal year.
Carlisle Companies announces dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 17th were given a $0.75 dividend. This represents a $3.00 annual dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 16th. Carlisle Companies’ dividend payout ratio is currently 17.09%.
Wall Street analysts forecast growth
A number of brokerages have recently issued reports on CSL. Robert W. Baird boosted their price objective on Carlisle Companies from $315.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Wells Fargo & Company boosted their target price on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Oppenheimer decreased their price objective on shares of Carlisle Companies from $360.00 to $345.00 and set an “outperform” rating on the stock in a report on Friday. Finally, StockNews.com began coverage on Carlisle Companies in a research note on Thursday. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a buy rating. Carlisle Companies presently has a consensus rating of “Buy” and a consensus target price of $328.00, according to MarketBeat .
Inside Carlisle Companies
In related news, CFO Kevin P. Zdimal sold 8,111 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the completion of the sale, the chief financial officer now owns 30,515 shares of the company’s stock, valued at $7,730,975.25. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this hyperlink. 1.30% of shares are currently owned by insiders.
Carlisle Companies Company Profile
Carlisle Cos., Inc is engaged in the design, manufacture and distribution of building cladding products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT) and Carlisle Fluid Technologies (CFT).
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