Amalgamated Bank lessened its stake in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,139 shares of the conglomerate's stock after selling 791 shares during the quarter. Amalgamated Bank owned approximately 0.07% of Carlisle Companies worth $9,133,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Quent Capital LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth approximately $31,000. Signaturefd LLC grew its stake in Carlisle Companies by 103.1% in the 1st quarter. Signaturefd LLC now owns 132 shares of the conglomerate's stock valued at $32,000 after buying an additional 67 shares in the last quarter. DeDora Capital Inc. purchased a new position in Carlisle Companies in the 1st quarter valued at approximately $41,000. San Luis Wealth Advisors LLC purchased a new position in Carlisle Companies in the 1st quarter valued at approximately $41,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Carlisle Companies in the 1st quarter valued at approximately $47,000. Institutional investors own 88.32% of the company's stock.
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Insider Activity
In other news, CEO D Christian Koch sold 40,567 shares of the company's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $316.77, for a total transaction of $12,850,408.59. Following the completion of the transaction, the chief executive officer now directly owns 119,582 shares of the company's stock, valued at $37,879,990.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO D Christian Koch sold 40,567 shares of the company's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $316.77, for a total transaction of $12,850,408.59. Following the completion of the transaction, the chief executive officer now directly owns 119,582 shares of the company's stock, valued at $37,879,990.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas J. Shears sold 10,617 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $312.44, for a total transaction of $3,317,175.48. Following the completion of the transaction, the insider now directly owns 15,496 shares of the company's stock, valued at $4,841,570.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,456 shares of company stock valued at $18,458,337. Insiders own 1.30% of the company's stock.
Analyst Ratings Changes
CSL has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday, June 23rd. Oppenheimer lifted their price objective on shares of Carlisle Companies from $335.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, August 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Carlisle Companies presently has an average rating of "Moderate Buy" and a consensus price target of $316.00.
Carlisle Companies Stock Down 3.3 %
CSL opened at $291.30 on Friday. Carlisle Companies Incorporated has a one year low of $195.68 and a one year high of $318.71. The company has a fifty day moving average price of $291.82 and a 200-day moving average price of $262.29. The firm has a market capitalization of $15.07 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.01 and a quick ratio of 1.39.
Carlisle Companies (NYSE:CSL – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share for the quarter, topping the consensus estimate of $4.99 by $1.16. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.69 billion. Carlisle Companies had a net margin of 12.68% and a return on equity of 32.22%. The firm's revenue for the quarter was up 57.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 20.24 earnings per share for the current fiscal year.
Carlisle Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.03%. This is an increase from Carlisle Companies's previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, August 17th. Carlisle Companies's dividend payout ratio is 20.73%.
Carlisle Companies Profile
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Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.
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