Excalibur Management Corp Trims Position in Carlisle Companies Incorporated (NYSE:CSL)

Excalibur Management Corp lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 75,030 shares of the conglomerate’s stock after selling 1,763 shares during the period. Carlisle Companies makes up about 11.0% of Excalibur Management Corp’s holdings, making the stock its biggest holding. Excalibur Management Corp’s holdings in Carlisle Companies were worth $27,674,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Motley Fool Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at about $6,732,000. Zions Bancorporation N.A. increased its position in Carlisle Companies by 53.0% during the 4th quarter. Zions Bancorporation N.A. now owns 4,207 shares of the conglomerate’s stock valued at $1,552,000 after purchasing an additional 1,457 shares during the period. TIAA Trust National Association raised its holdings in Carlisle Companies by 9.2% during the 4th quarter. TIAA Trust National Association now owns 581 shares of the conglomerate’s stock worth $214,000 after purchasing an additional 49 shares during the last quarter. EFG Asset Management North America Corp. lifted its position in shares of Carlisle Companies by 14.8% in the 4th quarter. EFG Asset Management North America Corp. now owns 8,179 shares of the conglomerate’s stock worth $3,016,000 after purchasing an additional 1,054 shares during the period. Finally, LPL Financial LLC increased its position in shares of Carlisle Companies by 5.1% during the fourth quarter. LPL Financial LLC now owns 47,391 shares of the conglomerate’s stock worth $17,480,000 after buying an additional 2,305 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Up 0.1 %

Carlisle Companies stock opened at $348.96 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $358.30 and its two-hundred day moving average price is $402.61. The firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 1-year low of $321.93 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period last year, the firm earned $4.17 earnings per share. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Carlisle Companies Company 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.