UBS Group AG Sells 71,359 Shares of Carlisle Companies Incorporated $CSL

UBS Group AG cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 25.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,863 shares of the conglomerate’s stock after selling 71,359 shares during the quarter. UBS Group AG’s holdings in Carlisle Companies were worth $65,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of Carlisle Companies by 36.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock valued at $35,912,000 after buying an additional 28,414 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Carlisle Companies by 8.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock valued at $952,000 after buying an additional 197 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at $1,345,000. Bank of Nova Scotia increased its position in shares of Carlisle Companies by 118.6% in the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock valued at $615,000 after buying an additional 893 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Carlisle Companies by 40.0% in the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock valued at $43,088,000 after buying an additional 32,996 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSL. Truist Financial upped their price objective on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. JPMorgan Chase & Co. increased their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Finally, Raymond James Financial initiated coverage on Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $405.00.

Insider Buying and Selling at Carlisle Companies

In other news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the transaction, the chief executive officer owned 113,238 shares in the company, valued at $46,810,324.44. This trade represents a 24.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares of the company’s stock, valued at $1,530,742.85. The trade was a 32.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 68,289 shares of company stock valued at $28,125,467 over the last quarter. Insiders own 1.30% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $346.48 on Tuesday. The stock has a 50-day moving average price of $355.16 and a two-hundred day moving average price of $345.81. The stock has a market cap of $14.02 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.13 and a beta of 0.88. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $3.61 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 21.13 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.87%.

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.