Boston Common Asset Management LLC Purchases 3,652 Shares of Carlisle Companies, Inc. (CSL)
Boston Common Asset Management LLC boosted its position in shares of Carlisle Companies, Inc. (NYSE:CSL) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,983 shares of the conglomerate’s stock after purchasing an additional 3,652 shares during the quarter. Carlisle Companies comprises 1.0% of Boston Common Asset Management LLC’s holdings, making the stock its 26th biggest position. Boston Common Asset Management LLC’s holdings in Carlisle Companies were worth $8,522,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in Carlisle Companies during the 2nd quarter worth about $256,000. AMP Capital Investors Ltd raised its holdings in Carlisle Companies by 45.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 15,100 shares of the conglomerate’s stock worth $1,514,000 after purchasing an additional 4,736 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Carlisle Companies by 14.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 772,976 shares of the conglomerate’s stock worth $77,523,000 after purchasing an additional 99,614 shares during the last quarter. First Quadrant L P CA bought a new stake in Carlisle Companies during the 4th quarter worth about $5,628,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in Carlisle Companies by 4.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 216,625 shares of the conglomerate’s stock worth $21,726,000 after purchasing an additional 9,777 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.
Several analysts have weighed in on the company. SunTrust Banks reissued a “buy” rating and set a $130.00 price objective on shares of Carlisle Companies in a report on Friday. Robert W. Baird dropped their price objective on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Friday. B. Riley set a $125.00 price objective on Carlisle Companies and gave the stock a “buy” rating in a report on Friday. Finally, Zacks Investment Research lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $124.63.
Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, February 8th. The conglomerate reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1 billion. Carlisle Companies had a return on equity of 13.60% and a net margin of 8.94%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 EPS. equities research analysts predict that Carlisle Companies, Inc. will post 6.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, February 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. Carlisle Companies’s payout ratio is currently 25.92%.
Carlisle Companies declared that its board has initiated a stock buyback program on Tuesday, February 6th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.
About Carlisle Companies
Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.
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