Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 933 shares of the conglomerate’s stock after selling 201 shares during the quarter. Gallacher Capital Management LLC’s holdings in Carlisle Companies were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its holdings in Carlisle Companies by 13.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock worth $561,000 after purchasing an additional 176 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Carlisle Companies by 0.3% in the 4th quarter. Natixis Advisors LLC now owns 136,330 shares of the conglomerate’s stock valued at $50,284,000 after acquiring an additional 466 shares during the period. Catalyst Funds Management Pty Ltd increased its holdings in shares of Carlisle Companies by 287.5% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 3,100 shares of the conglomerate’s stock valued at $1,143,000 after acquiring an additional 2,300 shares during the period. Madison Investment Advisors LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $148,208,000. Finally, Achmea Investment Management B.V. increased its holdings in shares of Carlisle Companies by 78.4% in the 4th quarter. Achmea Investment Management B.V. now owns 35,823 shares of the conglomerate’s stock valued at $13,213,000 after acquiring an additional 15,740 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CSL. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group cut their target price 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. Finally, Loop Capital cut their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies Stock Performance

NYSE:CSL opened at $335.95 on Monday. The firm’s fifty day moving average price is $362.29 and its 200 day moving average price is $405.88. Carlisle Companies Incorporated has a 1-year low of $321.93 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the business posted $4.17 EPS. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.19%. Carlisle Companies’s payout ratio is currently 14.48%.

Insiders Place Their Bets

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 transaction, 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. Insiders own 1.50% of the company’s stock.

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.