RE Advisers Corp maintained its position in Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 451,700 shares of the conglomerate’s stock at the end of the second quarter. RE Advisers Corp owned 0.70% of Carlisle Companies worth $43,092,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. US Bancorp DE raised its position in Carlisle Companies by 0.9% in the second quarter. US Bancorp DE now owns 9,718 shares of the conglomerate’s stock worth $927,000 after buying an additional 89 shares in the last quarter. State Treasurer State of Michigan raised its position in Carlisle Companies by 1.5% in the second quarter. State Treasurer State of Michigan now owns 26,620 shares of the conglomerate’s stock worth $2,540,000 after buying an additional 400 shares in the last quarter. Sit Investment Associates Inc. raised its position in Carlisle Companies by 2.6% in the second quarter. Sit Investment Associates Inc. now owns 25,500 shares of the conglomerate’s stock worth $2,433,000 after buying an additional 650 shares in the last quarter. Aperio Group LLC raised its position in Carlisle Companies by 17.1% in the second quarter. Aperio Group LLC now owns 12,369 shares of the conglomerate’s stock worth $1,180,000 after buying an additional 1,802 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Carlisle Companies by 3.7% in the second quarter. Louisiana State Employees Retirement System now owns 16,900 shares of the conglomerate’s stock worth $1,612,000 after buying an additional 600 shares in the last quarter. 93.69% of the stock is currently owned by institutional investors.
Shares of Carlisle Companies Incorporated (NYSE CSL) traded down 0.44% during trading on Friday, reaching $92.75. The company’s stock had a trading volume of 383,044 shares. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 26.22 and a beta of 0.77. The stock’s 50 day moving average price is $97.28 and its 200-day moving average price is $101.81. Carlisle Companies Incorporated has a 52-week low of $92.09 and a 52-week high of $116.40.
Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, July 25th. The conglomerate reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.03. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post $5.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.60%. 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 dividend payout ratio (DPR) is presently 41.93%.
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A number of equities analysts recently commented on the company. BidaskClub lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. FBR & Co reissued an “outperform” rating and issued a $125.00 price target on shares of Carlisle Companies in a research note on Tuesday, July 11th. Robert W. Baird reissued an “outperform” rating on shares of Carlisle Companies in a research note on Monday, July 10th. Zacks Investment Research lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, CIBC reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Carlisle Companies currently has an average rating of “Hold” and an average price target 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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