Millennium Management LLC lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 43.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,742 shares of the conglomerate's stock after selling 40,443 shares during the period. Millennium Management LLC owned approximately 0.11% of Carlisle Companies worth $21,372,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. TD Asset Management Inc grew its holdings in shares of Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate's stock worth $114,125,000 after purchasing an additional 268,685 shares during the period. Epoch Investment Partners Inc. acquired a new position in Carlisle Companies during the second quarter valued at approximately $65,041,000. Wellington Management Group LLP grew its stake in Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate's stock worth $47,490,000 after buying an additional 139,054 shares during the period. Swedbank AB acquired a new stake in shares of Carlisle Companies in the first quarter worth $31,218,000. Finally, Natixis Advisors LLC raised its stake in shares of Carlisle Companies by 109.0% in the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate's stock valued at $49,999,000 after acquiring an additional 64,351 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an "outperform" rating in a research report on Monday, July 15th. Oppenheimer reaffirmed an "outperform" rating and issued a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, StockNews.com lowered Carlisle Companies from a "buy" rating to a "hold" rating in a research note on Tuesday, August 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $468.75.
Check Out Our Latest Stock Report on Carlisle Companies
In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Kevin P. Zdimal sold 21,470 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David W. Smith sold 600 shares of the firm's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.
Shares of CSL stock opened at $454.42 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The company's fifty day moving average price is $414.25 and its two-hundred day moving average price is $407.81. The firm has a market capitalization of $21.63 billion, a P/E ratio of 26.34, a P/E/G ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $455.11.
Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $5.18 earnings per share. The company's revenue was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Carlisle Companies's previous quarterly dividend of $0.85. Carlisle Companies's dividend payout ratio (DPR) is presently 23.19%.
Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.
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