DekaBank Deutsche Girozentrale Reduces Position in Carlisle Companies Incorporated (NYSE:CSL)

DekaBank Deutsche Girozentrale lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,744 shares of the conglomerate’s stock after selling 262 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Carlisle Companies were worth $5,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc boosted its stake 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 valued at $114,125,000 after buying an additional 268,685 shares during the last quarter. Epoch Investment Partners Inc. bought a new position in Carlisle Companies during the 2nd quarter valued at $65,041,000. Swedbank AB bought a new position in Carlisle Companies during the 1st quarter valued at $31,218,000. Shellback Capital LP grew its holdings in Carlisle Companies by 451.9% during the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock worth $32,465,000 after acquiring an additional 65,600 shares in the last quarter. Finally, Natixis Advisors LLC increased its position 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 worth $49,999,000 after purchasing an additional 64,351 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer boosted their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $475.00.

Carlisle Companies Price Performance

CSL opened at $422.16 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $435.55 and its 200 day moving average price is $417.15. Carlisle Companies Incorporated has a fifty-two week low of $252.55 and a fifty-two week high of $481.26. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $4.68 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 20.57 earnings per share for the current year.

Carlisle Companies Profile

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.