Pzena Investment Management LLC Has $53.19 Million Stock Holdings in Carlisle Companies, Inc. (NYSE:CSL)

Pzena Investment Management LLC decreased its holdings in shares of Carlisle Companies, Inc. (NYSE:CSL) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,810 shares of the conglomerate’s stock after selling 103,711 shares during the period. Pzena Investment Management LLC owned approximately 0.67% of Carlisle Companies worth $53,189,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Carlisle Companies by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,410 shares of the conglomerate’s stock worth $96,735,000 after purchasing an additional 37,916 shares during the period. Geode Capital Management LLC raised its holdings in shares of Carlisle Companies by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 585,700 shares of the conglomerate’s stock worth $58,874,000 after acquiring an additional 39,715 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Carlisle Companies by 1.6% during the first quarter. State of Alaska Department of Revenue now owns 6,298 shares of the conglomerate’s stock worth $772,000 after acquiring an additional 97 shares during the period. Virtu Financial LLC acquired a new stake in shares of Carlisle Companies during the first quarter worth $319,000. Finally, Quantitative Systematic Strategies LLC raised its holdings in shares of Carlisle Companies by 18.3% during the first quarter. Quantitative Systematic Strategies LLC now owns 5,460 shares of the conglomerate’s stock worth $670,000 after acquiring an additional 845 shares during the period. Hedge funds and other institutional investors own 87.06% of the company’s stock.

In related news, Director David A. Roberts sold 28,571 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $137.74, for a total value of $3,935,369.54. Following the completion of the transaction, the director now owns 88,397 shares of the company’s stock, valued at $12,175,802.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.



A number of brokerages recently commented on CSL. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Monday, April 29th. Oppenheimer raised their price objective on shares of Carlisle Companies from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. ValuEngine lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird raised their price objective on shares of Carlisle Companies from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Buckingham Research lowered shares of Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price objective on the stock. in a report on Monday, July 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $142.13.

Carlisle Companies stock traded up $3.95 during mid-day trading on Friday, reaching $140.76. The company’s stock had a trading volume of 6,148 shares, compared to its average volume of 446,592. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02. Carlisle Companies, Inc. has a 12 month low of $92.16 and a 12 month high of $146.16. The business’s 50 day simple moving average is $138.12 and its 200 day simple moving average is $131.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 2.96.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.26. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Carlisle Companies had a net margin of 9.04% and a return on equity of 16.52%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.87 earnings per share. As a group, sell-side analysts expect that Carlisle Companies, Inc. will post 8.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a $0.50 dividend. The ex-dividend date is Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.40. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Carlisle Companies 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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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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