The Wells Fargo & Company MN Has $125,603,000 Stake in Carlisle Cos. Inc. (CSL)

The Wells Fargo & Company MN Has $125,603,000 Stake in Carlisle Cos. Inc. (CSL)

Wells Fargo & Company MN decreased its stake in shares of Carlisle Cos. Inc. (NYSE:CSL) by 3.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,224,563 shares of the company’s stock after selling 39,359 shares during the period. Wells Fargo & Company MN’s holdings in Carlisle Cos. were worth $125,603,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Carlisle Cos. by 2.0% in the third quarter. Great West Life Assurance Co. Can now owns 38,401 shares of the company’s stock valued at $3,937,000 after buying an additional 738 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Carlisle Cos. by 5.3% in the second quarter. New York State Teachers Retirement System now owns 122,164 shares of the company’s stock valued at $12,910,000 after buying an additional 6,100 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Carlisle Cos. by 5.9% in the second quarter. First Citizens Bank & Trust Co. now owns 4,540 shares of the company’s stock valued at $480,000 after buying an additional 252 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Carlisle Cos. by 142.7% in the second quarter. Hsbc Holdings PLC now owns 385,114 shares of the company’s stock valued at $40,699,000 after buying an additional 226,460 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Carlisle Cos. by 12.3% in the second quarter. Principal Financial Group Inc. now owns 247,675 shares of the company’s stock valued at $26,174,000 after buying an additional 27,052 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Shares of Carlisle Cos. Inc. (NYSE:CSL) opened at 107.79 on Thursday. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 27.66 and a beta of 0.80. The stock’s 50 day moving average price is $111.54 and its 200-day moving average price is $106.94. Carlisle Cos. Inc. has a 52 week low of $75.17 and a 52 week high of $116.40.

Carlisle Cos. (NYSE:CSL) last posted its earnings results on Tuesday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.05. Carlisle Cos. had a return on equity of 15.66% and a net margin of 6.99%. The firm had revenue of $991 million for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $1.56 EPS. Carlisle Cos.’s revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Carlisle Cos. Inc. will post $5.85 earnings per share for the current fiscal year.

CSL has been the topic of several research reports. Zacks Investment Research lowered Carlisle Cos. from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of Carlisle Cos. in a research note on Tuesday, December 20th. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 target price on shares of Carlisle Cos. in a research note on Friday, January 13th. Finally, Longbow Research lowered Carlisle Cos. from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 29th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $115.63.

In related news, insider John W. Altmeyer sold 51,505 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $111.24, for a total transaction of $5,729,416.20. Following the transaction, the insider now owns 210,565 shares of the company’s stock, valued at approximately $23,423,250.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.71% of the company’s stock.

Carlisle Cos. Company Profile

Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP).

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