Crossmark Global Holdings Inc. reduced its stake in Carlisle Companies, Inc. (NYSE:CSL) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,402 shares of the conglomerate’s stock after selling 1,334 shares during the period. Crossmark Global Holdings Inc.’s holdings in Carlisle Companies were worth $955,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. increased its stake in Carlisle Companies by 14.0% in the 4th quarter. American Century Companies Inc. now owns 626,721 shares of the conglomerate’s stock worth $71,227,000 after purchasing an additional 76,900 shares during the period. Somerville Kurt F purchased a new position in Carlisle Companies in the 4th quarter worth approximately $333,000. Aperio Group LLC increased its stake in Carlisle Companies by 12.4% in the 4th quarter. Aperio Group LLC now owns 19,765 shares of the conglomerate’s stock worth $2,246,000 after purchasing an additional 2,187 shares during the period. Victory Capital Management Inc. increased its stake in Carlisle Companies by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,236,016 shares of the conglomerate’s stock worth $140,473,000 after purchasing an additional 73,621 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in Carlisle Companies in the 4th quarter worth approximately $1,715,000. 88.35% of the stock is currently owned by institutional investors and hedge funds.
Carlisle Companies, Inc. (CSL) opened at $107.26 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. Carlisle Companies, Inc. has a 12 month low of $92.09 and a 12 month high of $119.21. The stock has a market capitalization of $6,651.09, a P/E ratio of 18.78, a PEG ratio of 1.11 and a beta of 0.79.
Carlisle Companies declared that its board has initiated a stock buyback plan on Tuesday, February 6th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.92%.
A number of brokerages have commented on CSL. B. Riley reaffirmed a “buy” rating on shares of Carlisle Companies in a research note on Wednesday, November 1st. Robert W. Baird decreased their price target on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a research note on Friday, February 9th. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Finally, FBR & Co set a $125.00 price target on Carlisle Companies and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $124.63.
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Carlisle Companies 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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