Mutual of America Capital Management LLC cut its position in Carlisle Companies Incorporated (NYSE:CSL) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,640 shares of the conglomerate’s stock after selling 4,002 shares during the quarter. Mutual of America Capital Management LLC owned about 0.11% of Carlisle Companies worth $11,856,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CSL. Ellevest Inc. grew its position in shares of Carlisle Companies by 15,000.0% in the third quarter. Ellevest Inc. now owns 151 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Carlisle Companies by 115.6% in the third quarter. Deseret Mutual Benefit Administrators now owns 235 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 126 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Carlisle Companies by 650.8% in the third quarter. First Horizon Advisors Inc. now owns 931 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 807 shares in the last quarter. Fifth Third Bancorp grew its position in Carlisle Companies by 11.0% during the third quarter. Fifth Third Bancorp now owns 506 shares of the conglomerate’s stock worth $101,000 after buying an additional 50 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Carlisle Companies during the third quarter worth about $202,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.
Several equities analysts recently commented on CSL shares. Jefferies Financial Group restated a “buy” rating on shares of Carlisle Companies in a research report on Friday, October 1st. Zelman & Associates assumed coverage on Carlisle Companies in a research report on Monday, November 15th. They set a “buy” rating for the company. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $243.00 price target for the company in a research note on Tuesday, October 26th. Robert W. Baird lifted their price target on Carlisle Companies from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, October 22nd. Finally, Oppenheimer lifted their price target on Carlisle Companies from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 8th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $231.86.
Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 20th. The conglomerate reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.24. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.26 billion. Carlisle Companies had a return on equity of 17.46% and a net margin of 8.16%. During the same quarter in the prior year, the company posted $1.94 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 9.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 1st. Shareholders of record on Wednesday, November 17th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, November 16th. Carlisle Companies’s payout ratio is 30.86%.
Carlisle Companies Profile
Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
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