DAVENPORT & Co LLC decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,524 shares of the conglomerate's stock after selling 793 shares during the quarter. DAVENPORT & Co LLC's holdings in Carlisle Companies were worth $1,318,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at approximately $233,000. Johnson Financial Group Inc. bought a new position in Carlisle Companies during the 4th quarter valued at $214,000. Natixis Advisors L.P. grew its holdings in Carlisle Companies by 4.8% during the 1st quarter. Natixis Advisors L.P. now owns 37,958 shares of the conglomerate's stock worth $9,334,000 after acquiring an additional 1,749 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Carlisle Companies in the 1st quarter worth about $47,000. Finally, Bank of America Corp DE raised its stake in shares of Carlisle Companies by 1.8% in the 1st quarter. Bank of America Corp DE now owns 352,953 shares of the conglomerate's stock valued at $86,799,000 after purchasing an additional 6,357 shares in the last quarter. Hedge funds and other institutional investors own 88.32% of the company's stock.
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Analyst Upgrades and Downgrades
CSL has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Carlisle Companies from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Thursday, June 23rd. Oppenheimer lifted their price objective on shares of Carlisle Companies from $335.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, August 31st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $316.00.
Insider Transactions at Carlisle Companies
In related news, CEO D Christian Koch sold 40,567 shares of the business's stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $316.77, for a total transaction of $12,850,408.59. Following the sale, the chief executive officer now owns 119,582 shares of the company's stock, valued at $37,879,990.14. The sale was disclosed in a filing with the SEC, which is available through
the SEC website. In other news, insider Nicholas J. Shears sold 10,617 shares of Carlisle Companies stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $312.44, for a total value of $3,317,175.48. Following the transaction, the insider now owns 15,496 shares of the company's stock, valued at approximately $4,841,570.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through
the SEC website. Also, CEO D Christian Koch sold 40,567 shares of the business's stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $316.77, for a total transaction of $12,850,408.59. Following the completion of the sale, the chief executive officer now owns 119,582 shares in the company, valued at $37,879,990.14. The disclosure for this sale can be found
here. In the last three months, insiders sold 58,456 shares of company stock valued at $18,458,337. Company insiders own 1.30% of the company's stock.
Carlisle Companies Stock Performance
Shares of NYSE CSL opened at $281.49 on Thursday. Carlisle Companies Incorporated has a 12-month low of $197.64 and a 12-month high of $318.71. The company has a current ratio of 2.01, a quick ratio of 1.39 and a debt-to-equity ratio of 0.90. The company has a market cap of $14.56 billion, a PE ratio of 19.45, a P/E/G ratio of 0.80 and a beta of 1.05. The stock has a 50 day simple moving average of $296.06 and a 200-day simple moving average of $265.18.
Carlisle Companies (NYSE:CSL – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The conglomerate reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.99 by $1.16. Carlisle Companies had a return on equity of 32.22% and a net margin of 12.68%. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the prior year, the business posted $2.16 earnings per share. The company's revenue for the quarter was up 57.0% compared to the same quarter last year. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 20.24 EPS for the current year.
Carlisle Companies Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Carlisle Companies's previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, August 17th. Carlisle Companies's payout ratio is 20.73%.
About Carlisle Companies
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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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