State of Alaska Department of Revenue increased its position in shares of Carlisle Companies, Inc. (NYSE:CSL) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,298 shares of the conglomerate’s stock after buying an additional 97 shares during the period. State of Alaska Department of Revenue’s holdings in Carlisle Companies were worth $772,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CSL. Renaissance Technologies LLC increased its stake in shares of Carlisle Companies by 78.6% during the third quarter. Renaissance Technologies LLC now owns 114,329 shares of the conglomerate’s stock worth $13,925,000 after buying an additional 50,329 shares during the period. The Manufacturers Life Insurance Company increased its stake in Carlisle Companies by 2.1% in the third quarter. The Manufacturers Life Insurance Company now owns 99,003 shares of the conglomerate’s stock valued at $12,059,000 after purchasing an additional 2,033 shares during the last quarter. Man Group plc purchased a new position in Carlisle Companies in the third quarter valued at approximately $902,000. Mackenzie Financial Corp increased its stake in Carlisle Companies by 63.2% in the third quarter. Mackenzie Financial Corp now owns 31,801 shares of the conglomerate’s stock valued at $3,873,000 after purchasing an additional 12,314 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Carlisle Companies by 22.1% in the third quarter. AQR Capital Management LLC now owns 119,782 shares of the conglomerate’s stock valued at $14,589,000 after purchasing an additional 21,684 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.
Shares of CSL opened at $127.93 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.69 and a current ratio of 3.45. The company has a market cap of $7.33 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.01. Carlisle Companies, Inc. has a 12-month low of $92.16 and a 12-month high of $129.47.
Carlisle Companies declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 5th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several brokerages have commented on CSL. Zacks Investment Research lowered shares of Carlisle Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Robert W. Baird set a $134.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Tuesday, April 9th. Oppenheimer increased their price target on shares of Carlisle Companies from $135.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. BMO Capital Markets increased their price target on shares of Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $138.00 price target on shares of Carlisle Companies in a research note on Sunday, February 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $127.57.
In other news, VP Scott C. Selbach sold 20,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $119.83, for a total transaction of $2,498,455.50. Following the transaction, the vice president now directly owns 62,916 shares in the company, valued at $7,539,224.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Berlin sold 15,150 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.24, for a total transaction of $1,882,236.00. Following the transaction, the insider now owns 47,221 shares in the company, valued at $5,866,737.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,865 shares of company stock worth $8,452,327. Insiders own 1.70% of the company’s stock.
Carlisle Companies Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene 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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