Sprucegrove Investment Management Ltd. reduced its stake in shares of Carlisle Cos. Inc. (NYSE:CSL) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 293,600 shares of the company’s stock after selling 300 shares during the period. Carlisle Cos. accounts for 1.3% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 21st largest position. Sprucegrove Investment Management Ltd. owned about 0.46% of Carlisle Cos. worth $31,028,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in CSL. BlackRock Institutional Trust Company N.A. increased its position in Carlisle Cos. by 28.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,518,429 shares of the company’s stock valued at $250,584,000 after buying an additional 564,390 shares during the period. Franklin Resources Inc. increased its position in Carlisle Cos. by 3.4% in the first quarter. Franklin Resources Inc. now owns 1,455,581 shares of the company’s stock valued at $144,830,000 after buying an additional 47,598 shares during the period. Wellington Management Group LLP increased its position in Carlisle Cos. by 5.1% in the first quarter. Wellington Management Group LLP now owns 1,278,034 shares of the company’s stock valued at $127,164,000 after buying an additional 62,198 shares during the period. Norges Bank purchased a new position in Carlisle Cos. during the fourth quarter valued at $48,514,000. Finally, Geode Capital Management LLC increased its position in Carlisle Cos. by 3.1% in the first quarter. Geode Capital Management LLC now owns 394,834 shares of the company’s stock valued at $39,285,000 after buying an additional 11,812 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.
Carlisle Cos. Inc. (NYSE:CSL) traded up 0.47% during midday trading on Thursday, reaching $99.31. The company’s stock had a trading volume of 347,613 shares. The company has a 50 day moving average price of $104.32 and a 200 day moving average price of $101.91. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 17.73 and a beta of 1.26. Carlisle Cos. Inc. has a 1-year low of $75.17 and a 1-year high of $109.13.
Carlisle Cos. (NYSE:CSL) last announced its earnings results on Tuesday, July 26th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. The firm had revenue of $996.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlisle Cos. had a return on equity of 15.40% and a net margin of 10.14%. Carlisle Cos.’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. On average, equities research analysts expect that Carlisle Cos. Inc. will post $5.78 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, August 16th. This is a boost from Carlisle Cos.’s previous quarterly dividend of $0.30. Carlisle Cos.’s dividend payout ratio is 25.00%.
Several equities analysts have recently weighed in on CSL shares. Topeka Capital Markets started coverage on Carlisle Cos. in a research report on Thursday, May 26th. They issued a “buy” rating and a $118.00 target price on the stock. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $112.00 price objective on shares of Carlisle Cos. in a research report on Tuesday, June 28th. SunTrust Banks Inc. assumed coverage on Carlisle Cos. in a research report on Thursday, June 16th. They set a “buy” rating and a $120.00 price objective on the stock. Zacks Investment Research upgraded Carlisle Cos. from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, June 28th. Finally, Northcoast Research downgraded Carlisle Cos. from a “buy” rating to a “neutral” rating in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Carlisle Cos. presently has a consensus rating of “Buy” and a consensus price target of $113.57.
In other Carlisle Cos. news, VP Scott C. Selbach sold 36,085 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $105.59, for a total transaction of $3,810,215.15. Following the sale, the vice president now owns 67,112 shares in the company, valued at approximately $7,086,356.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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).