Shares last traded at $109.83 slightly over $101.75, the stock’s 50 day moving average and a great deal higher than the 200 day moving average of $99.41. The 50 day moving average was up $8.08 whereas the 200 day moving average was up $10.42 or +10.48%. 321K shares changed hands in the last trading session. Trading volume was down 16.50% under the stocks average daily volume.
Traders are a little more bearish on Carlisle Companies Incorporated of late if you pay attention to the uptick in short interest. The company realized a rise in short interest between September 29, 2017 and October 13, 2017 of 8.51%. Short shares grew from 1,663,350 to 1,804,823 over that timeframe. Days to cover increased 1.0 to 5.0 and the percentage of shorted shares was 0.03% on October 13.
A few notable investment firms have updated their holdings. As of quarter end Aperio Group, LLC had acquired 5,209 shares growing its holdings by 42.1%. The value of the total investment in Carlisle Companies Incorporated went from $1,180,000 to $1,763,000 increasing 49.4% quarter to quarter. State of New Jersey Common Pension Fund D downsized its holdings by selling 10,000 shares a decrease of 3.6% as of 09/30/2017. State of New Jersey Common Pension Fund D now controls 270,000 shares worth $27,078,000. The total value of its holdings increased 1.4%.
Simplex Trading, LLC reduced its ownership by shedding 4,009 shares a decrease of 97.3% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC currently owns 111 shares with a value of $11,000. The value of the position overall is down by 97.2%. As of the end of the quarter Cornerstone Advisors, Inc. had sold a total of 70 shares trimming its stake by 4.0%. The value of the investment in Carlisle Companies Incorporated increased from $166,000 to $167,000 a change of 0.6% quarter over quarter.
Equity analyst Buckingham added the stock to its research portfolio with an initial rating of “Buy”. On October 25 Baird kept the stock rating at “Outperform” and moved up the price target to $118.00 from $110.00.
The company is down by 0.60% since yesterday’s close of $109.83. Additionally Carlisle Companies Incorporated recently declared a dividend for shareholders that was paid on Fri Sep 1, 2017. The dividend payment was $0.370 per share for the quarter which is $1.48 annualized. This dividend amount represented a yield of $1.33. The ex-dividend date was set for Wednesday the 16th of August 2017.
The P/E ratio is 31.04 and the market value is 6.94B. In the latest earnings report the EPS was $3.54 and is expected to be $4.97 for the current year with 63,171,000 shares now outstanding. Next quarter’s EPS is estimated at $1.05 and the next full year EPS is projected to be $6.10.
Carlisle Companies Incorporated, launched on February 28, 1986, 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. The Company operates through five segments: Carlisle Construction Materials (CCM or Construction Materials); Carlisle Interconnect Technologies (CIT or Interconnect Technologies); Carlisle Fluid Technologies (CFT or Fluid Technologies); Carlisle Brake & Friction (CBF or Brake & Friction), and Carlisle FoodService Products (CFS or FoodService Products). The Company markets its products as a component supplier to original equipment manufacturers (OEMs) and distributors, among others..Advertisement