Zacks Investment Management cut its position in Carlisle Cos. Inc. (NYSE:CSL) by 17.7% during the third quarter, Holdings Channel reports. The institutional investor owned 7,065 shares of the company’s stock after selling 1,518 shares during the period. Zacks Investment Management’s holdings in Carlisle Cos. were worth $725,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in CSL. Quadrant Capital Group LLC raised its stake in shares of Carlisle Cos. by 1.8% in the second quarter. Quadrant Capital Group LLC now owns 984 shares of the company’s stock worth $103,000 after buying an additional 17 shares in the last quarter. Washington Trust Bank raised its stake in shares of Carlisle Cos. by 0.6% in the third quarter. Washington Trust Bank now owns 1,207 shares of the company’s stock worth $124,000 after buying an additional 7 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Carlisle Cos. during the second quarter worth approximately $141,000. Cornerstone Advisors Inc. acquired a new stake in shares of Carlisle Cos. during the third quarter worth approximately $156,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Carlisle Cos. during the third quarter worth approximately $182,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Carlisle Cos. Inc. (NYSE:CSL) traded down 0.27% during trading on Thursday, hitting $107.50. 300,566 shares of the stock traded hands. Carlisle Cos. Inc. has a 1-year low of $77.06 and a 1-year high of $116.40. The stock has a 50 day moving average price of $111.33 and a 200-day moving average price of $106.95. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 27.59 and a beta of 0.80.
Carlisle Cos. (NYSE:CSL) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.05. Carlisle Cos. had a net margin of 6.99% and a return on equity of 15.66%. The business earned $991 million during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm posted $1.56 EPS. Carlisle Cos.’s revenue was up 1.8% compared to the same quarter last year. Equities analysts forecast that Carlisle Cos. Inc. will post $5.85 EPS for the current year.
A number of analysts have recently commented on CSL shares. BMO Capital Markets reissued a “buy” rating and issued a $130.00 price objective on shares of Carlisle Cos. in a research report on Friday, January 13th. Zacks Investment Research raised shares of Carlisle Cos. from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Longbow Research lowered shares of Carlisle Cos. from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Carlisle Cos. in a research report on Tuesday, December 20th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $115.63.
In related news, insider John W. Altmeyer sold 51,505 shares of Carlisle Cos. stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $111.24, for a total value of $5,729,416.20. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.71% of the company’s stock.
About Carlisle Cos.
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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