Sepio Capital LP Trims Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Sepio Capital LP trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,582 shares of the conglomerate’s stock after selling 500 shares during the quarter. Sepio Capital LP’s holdings in Carlisle Companies were worth $2,428,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Mirabaud Asset Management Ltd grew its stake in Carlisle Companies by 16.4% in the 4th quarter. Mirabaud Asset Management Ltd now owns 11,464 shares of the conglomerate’s stock worth $4,226,000 after acquiring an additional 1,613 shares in the last quarter. Aviva PLC increased its stake in shares of Carlisle Companies by 15.4% during the fourth quarter. Aviva PLC now owns 153,479 shares of the conglomerate’s stock valued at $56,609,000 after buying an additional 20,520 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Carlisle Companies in the fourth quarter valued at about $1,472,000. KCM Investment Advisors LLC lifted its stake in Carlisle Companies by 2.5% in the fourth quarter. KCM Investment Advisors LLC now owns 14,962 shares of the conglomerate’s stock worth $5,519,000 after acquiring an additional 361 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new position in Carlisle Companies during the 4th quarter worth about $4,935,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Carlisle Companies Stock Performance

Shares of CSL opened at $326.87 on Friday. Carlisle Companies Incorporated has a 12 month low of $312.60 and a 12 month high of $481.26. The stock has a fifty day moving average price of $348.76 and a 200-day moving average price of $398.95. 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 has a market cap of $14.43 billion, a PE ratio of 11.83, a P/E/G ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 in the prior year, the firm earned $4.17 earnings per share. 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 business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.22%. 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.