Vontobel Holding Ltd. Decreases Position in Carlisle Companies Incorporated (NYSE:CSL)

Vontobel Holding Ltd. trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 10.9% during the fourth quarter, HoldingsChannel reports. The firm owned 12,573 shares of the conglomerate’s stock after selling 1,532 shares during the period. Vontobel Holding Ltd.’s holdings in Carlisle Companies were worth $3,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CSL. Citigroup Inc. lifted its stake in Carlisle Companies by 48.1% in the 1st quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock worth $4,998,000 after purchasing an additional 6,603 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Carlisle Companies by 0.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock worth $7,549,000 after purchasing an additional 176 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Carlisle Companies by 3.5% in the 1st quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock worth $531,000 after purchasing an additional 73 shares in the last quarter. Synovus Financial Corp lifted its stake in Carlisle Companies by 7.9% in the 1st quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock worth $1,206,000 after purchasing an additional 363 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Carlisle Companies by 23.6% in the 1st quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock worth $13,028,000 after purchasing an additional 10,150 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CSL. Loop Capital raised their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Oppenheimer lifted their price target on shares of Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Robert W. Baird lifted their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $389.17.

Insiders Place Their Bets

In other news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now directly owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock worth $5,231,360 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $368.76 on Thursday. The company has a fifty day simple moving average of $367.36 and a two-hundred day simple moving average of $314.67. The company has a market cap of $17.63 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies Incorporated has a 52 week low of $205.10 and a 52 week high of $403.44.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.92 earnings per share. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 18.7 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a dividend yield of 0.92%. Carlisle Companies’s dividend payout ratio (DPR) is 22.31%.

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.