Raymond James & Associates cut its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,140 shares of the conglomerate’s stock after selling 367 shares during the quarter. Raymond James & Associates’ holdings in Carlisle Companies were worth $1,019,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Asset Management Inc. grew its stake in shares of Carlisle Companies by 8.2% during the 4th quarter. Eagle Asset Management Inc. now owns 107,526 shares of the conglomerate’s stock worth $10,808,000 after acquiring an additional 8,180 shares during the period. Texas Permanent School Fund lifted its holdings in Carlisle Companies by 3.7% during the 4th quarter. Texas Permanent School Fund now owns 38,966 shares of the conglomerate’s stock worth $3,917,000 after purchasing an additional 1,379 shares in the last quarter. Ffcm LLC lifted its holdings in Carlisle Companies by 262.3% during the 4th quarter. Ffcm LLC now owns 1,395 shares of the conglomerate’s stock worth $140,000 after purchasing an additional 1,010 shares in the last quarter. Centerstone Investors LLC purchased a new stake in Carlisle Companies during the 4th quarter worth about $3,810,000. Finally, BlackRock Inc. lifted its holdings in Carlisle Companies by 2.5% during the 4th quarter. BlackRock Inc. now owns 5,199,432 shares of the conglomerate’s stock worth $522,647,000 after purchasing an additional 125,249 shares in the last quarter. 90.77% of the stock is currently owned by hedge funds and other institutional investors.
CSL traded up $9.67 on Wednesday, hitting $138.10. 1,772,407 shares of the company were exchanged, compared to its average volume of 410,097. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.45 and a quick ratio of 2.69. Carlisle Companies, Inc. has a 12 month low of $92.16 and a 12 month high of $141.50. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 1.16 and a beta of 1.01.
Carlisle Companies announced that its board has authorized a stock buyback plan on Tuesday, February 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the conglomerate to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
In related news, CEO D Christian Koch sold 30,255 shares of Carlisle Companies stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $120.08, for a total transaction of $3,633,020.40. Following the sale, the chief executive officer now directly owns 141,651 shares in the company, valued at $17,009,452.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Roberts sold 3,610 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $121.50, for a total value of $438,615.00. Following the sale, the director now owns 84,762 shares in the company, valued at $10,298,583. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,865 shares of company stock worth $8,452,327. Corporate insiders own 1.70% of the company’s stock.
A number of analysts recently issued reports on CSL shares. Robert W. Baird set a $134.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a report on Friday, February 8th. Oppenheimer raised Carlisle Companies to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday, January 16th. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a report on Monday, December 31st. SunTrust Banks reaffirmed a “buy” rating and issued a $138.00 price target on shares of Carlisle Companies in a report on Sunday, February 10th. Finally, BMO Capital Markets raised their price target on Carlisle Companies from $115.00 to $125.00 and gave the company a “market perform” rating in a report on Tuesday, February 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $131.29.
Carlisle Companies Company 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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