Vanguard Group Inc. Cuts Holdings in Carlisle Companies Incorporated $CSL

Vanguard Group Inc. cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,158,194 shares of the conglomerate’s stock after selling 144,923 shares during the quarter. Vanguard Group Inc. owned 0.10% of Carlisle Companies worth $1,330,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its holdings in Carlisle Companies by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after buying an additional 33 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. Mackenzie Financial Corp boosted its position in Carlisle Companies by 1.0% during the third quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock worth $1,160,000 after purchasing an additional 34 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in Carlisle Companies by 3.5% in the third quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after purchasing an additional 35 shares during the last quarter. Finally, Next Level Private LLC grew its holdings in Carlisle Companies by 0.3% in the third quarter. Next Level Private LLC now owns 13,000 shares of the conglomerate’s stock valued at $4,269,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the transaction, the chief executive officer owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This represents a 24.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the sale, the insider directly owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,289 shares of company stock worth $28,125,467 in the last three months. 1.30% of the stock is owned by insiders.

Carlisle Companies Stock Up 2.6%

CSL opened at $355.60 on Friday. The firm has a market cap of $14.39 billion, a P/E ratio of 20.91, a PEG ratio of 1.10 and a beta of 0.95. The business’s fifty day simple moving average is $355.16 and its 200 day simple moving average is $345.56. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The company has a quick ratio of 2.49, a current ratio of 3.38 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $3.61 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 21.05 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio is presently 25.87%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Robert W. Baird raised their target price on shares of Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Finally, Truist Financial upped their price target on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $405.00.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.