Squarepoint Ops LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 75.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,807 shares of the conglomerate’s stock after selling 29,432 shares during the period. Squarepoint Ops LLC’s holdings in Carlisle Companies were worth $1,200,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Carlisle Companies by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 3,422,800 shares of the conglomerate’s stock worth $410,668,000 after purchasing an additional 310,846 shares during the period. Bank of America Corp DE lifted its position in Carlisle Companies by 6.9% in the 2nd quarter. Bank of America Corp DE now owns 444,091 shares of the conglomerate’s stock valued at $53,144,000 after acquiring an additional 28,625 shares in the last quarter. IBM Retirement Fund bought a new stake in Carlisle Companies during the 3rd quarter worth approximately $215,000. Assenagon Asset Management S.A. purchased a new stake in shares of Carlisle Companies in the third quarter worth approximately $7,868,000. Finally, Stifel Financial Corp lifted its holdings in shares of Carlisle Companies by 26.7% in the second quarter. Stifel Financial Corp now owns 24,410 shares of the conglomerate’s stock valued at $2,921,000 after purchasing an additional 5,147 shares in the last quarter. 89.02% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Robert M. Roche sold 400 shares of Carlisle Companies stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $150.00, for a total value of $60,000.00. Following the completion of the transaction, the chief financial officer now owns 22,926 shares in the company, valued at $3,438,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO D Christian Koch sold 36,787 shares of the business’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $143.14, for a total transaction of $5,265,691.18. Following the completion of the sale, the chief executive officer now directly owns 158,789 shares in the company, valued at approximately $22,729,057.46. The disclosure for this sale can be found here. In the last three months, insiders sold 47,515 shares of company stock valued at $6,842,436. 1.80% of the stock is currently owned by insiders.
CSL opened at $155.04 on Friday. Carlisle Companies Incorporated has a twelve month low of $97.55 and a twelve month high of $169.86. The company’s 50-day moving average price is $143.38 and its two-hundred day moving average price is $128.59. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.71 and a beta of 0.95. The company has a quick ratio of 2.52, a current ratio of 3.31 and a debt-to-equity ratio of 0.84.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, October 20th. The conglomerate reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. Carlisle Companies had a return on equity of 14.60% and a net margin of 7.91%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. Carlisle Companies’s revenue for the quarter was down 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 6.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 17th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, November 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.35%. Carlisle Companies’s payout ratio is 25.33%.
A number of research firms recently commented on CSL. Loop Capital lowered Carlisle Companies from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Friday, November 13th. Oppenheimer reiterated a “buy” rating and issued a $160.00 target price on shares of Carlisle Companies in a report on Wednesday, October 21st. Zacks Investment Research upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating and set a $152.00 price target on the stock in a report on Tuesday, December 1st. Finally, Credit Suisse Group increased their price objective on shares of Carlisle Companies from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $156.86.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. The company’s 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; specialty polyurethane products; vapor and air barriers, HVAC duct sealants, and hardware; and block molded polystyrene.
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