Carlisle Companies, Inc. (NYSE:CSL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,499 shares of the conglomerate’s stock after selling 3,707 shares during the quarter. Legal & General Group Plc owned about 0.14% of Carlisle Companies worth $9,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management acquired a new position in shares of Carlisle Companies during the first quarter worth about $104,000. Toronto Dominion Bank lifted its stake in shares of Carlisle Companies by 102.4% during the first quarter. Toronto Dominion Bank now owns 1,191 shares of the conglomerate’s stock worth $124,000 after purchasing an additional 50,252 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of Carlisle Companies during the second quarter worth about $136,000. First National Bank of Omaha acquired a new position in shares of Carlisle Companies during the second quarter worth about $226,000. Finally, TLP Group LLC lifted its stake in shares of Carlisle Companies by 3,792.9% during the first quarter. TLP Group LLC now owns 2,180 shares of the conglomerate’s stock worth $228,000 after purchasing an additional 2,124 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.

In related news, Director David A. Roberts sold 36,533 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total value of $4,658,688.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Several research analysts recently commented on CSL shares. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price target on shares of Carlisle Companies in a research note on Friday, July 27th. Zacks Investment Research cut Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. ValuEngine cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Robert W. Baird boosted their price objective on Carlisle Companies from $124.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a report on Wednesday, July 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $135.67.

NYSE:CSL opened at $115.93 on Tuesday. The company has a market cap of $7.28 billion, a PE ratio of 20.96, a P/E/G ratio of 1.34 and a beta of 0.86. Carlisle Companies, Inc. has a 52 week low of $97.03 and a 52 week high of $129.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.10 and a quick ratio of 2.40.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, July 24th. The conglomerate reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.27. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Carlisle Companies had a return on equity of 13.21% and a net margin of 14.20%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. Equities research analysts anticipate that Carlisle Companies, Inc. will post 6.06 EPS for the current year.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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; and specialty polyurethane products and solutions for various markets and applications.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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