First Hawaiian Bank bought a new stake in Carlisle Companies, Inc. (NYSE:CSL) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 3,085 shares of the conglomerate’s stock, valued at approximately $376,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in shares of Carlisle Companies by 4.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,286,431 shares of the conglomerate’s stock valued at $464,263,000 after buying an additional 181,769 shares during the period. Wells Fargo & Company MN increased its stake in shares of Carlisle Companies by 178.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,707,543 shares of the conglomerate’s stock valued at $184,943,000 after buying an additional 1,094,184 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Carlisle Companies by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 932,758 shares of the conglomerate’s stock valued at $101,031,000 after buying an additional 26,245 shares during the period. Select Equity Group L.P. acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at $82,864,000. Finally, FMR LLC increased its stake in shares of Carlisle Companies by 8.0% in the 2nd quarter. FMR LLC now owns 389,285 shares of the conglomerate’s stock valued at $42,164,000 after buying an additional 28,870 shares during the period. 90.97% of the stock is owned by institutional investors.
In other news, Director David A. Roberts sold 36,533 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $127.52, for a total value of $4,658,688.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by company insiders.
Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, October 23rd. The conglomerate reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.14). Carlisle Companies had a return on equity of 13.56% and a net margin of 14.21%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts forecast that Carlisle Companies, Inc. will post 5.67 EPS for the current fiscal year.
Several equities research analysts have recently commented on CSL shares. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, July 25th. B. Riley set a $130.00 price target on Carlisle Companies and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. BMO Capital Markets lowered Carlisle Companies from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $140.00 to $125.00 in a research report on Monday, October 8th. Finally, ValuEngine lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Carlisle Companies currently has a consensus rating of “Hold” and an average target price of $131.80.
Carlisle Companies Company Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene 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.
Further Reading: Fundamental Analysis
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