Korea Investment CORP Has $4.59 Million Stake in Carlisle Companies Incorporated $CSL

Korea Investment CORP lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 80.9% during the third quarter, Holdings Channel reports. The institutional investor owned 13,949 shares of the conglomerate’s stock after selling 59,197 shares during the quarter. Korea Investment CORP’s holdings in Carlisle Companies were worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC raised its stake in shares of Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after buying an additional 32 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Carlisle Companies by 4.9% during the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after acquiring an additional 32 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Carlisle Companies by 0.3% during the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after acquiring an additional 33 shares in the last quarter. MAI Capital Management increased its stake in Carlisle Companies by 26.6% in the second quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 33 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Carlisle Companies by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction on Thursday, February 12th. The stock was 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 approximately $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 68,289 shares of company stock valued at $28,125,467. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

NYSE:CSL opened at $342.87 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The firm has a market cap of $14.02 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company’s 50-day moving average price is $372.45 and its two-hundred day moving average price is $348.18.

Carlisle Companies (NYSE:CSL) last posted 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. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $4.47 earnings per share. The company’s revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is currently 25.72%.

Analyst Ratings Changes

A number of brokerages have commented on CSL. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. William Blair started coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. raised their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer boosted their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $399.17.

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.