Carlisle Companies Incorporated $CSL Stake Decreased by Royce & Associates LP

Royce & Associates LP cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 40.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,646 shares of the conglomerate’s stock after selling 5,797 shares during the period. Royce & Associates LP’s holdings in Carlisle Companies were worth $2,844,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CSL. Bridges Investment Management Inc. raised its stake in shares of Carlisle Companies by 221.3% during the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after purchasing an additional 102,014 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after buying an additional 8,701 shares during the period. Impact Partnership Wealth LLC acquired a new position in Carlisle Companies during the 3rd quarter valued at about $540,000. Citigroup Inc. raised its position in shares of Carlisle Companies by 51.8% during the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares in the last quarter. Finally, M&G PLC acquired a new stake in shares of Carlisle Companies in the 3rd quarter worth approximately $11,913,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the transaction, the vice president directly owned 3,697 shares of the company’s stock, valued at $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the sale, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This represents a 41.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

NYSE CSL opened at $375.56 on Friday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The business’s fifty day moving average is $369.74 and its two-hundred day moving average is $349.38. The stock has a market capitalization of $15.35 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.25 and a beta of 0.91. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $4.47 EPS. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CSL shares. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Oppenheimer boosted their price objective on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, William Blair started coverage on Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Carlisle Companies presently has an average rating of “Hold” and an average target price of $395.83.

Carlisle Companies Company 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.