American Century Companies Inc. Sells 11,845 Shares of Carlisle Companies Incorporated (NYSE:CSL)

American Century Companies Inc. lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 37.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,052 shares of the conglomerate’s stock after selling 11,845 shares during the quarter. American Century Companies Inc.’s holdings in Carlisle Companies were worth $5,199,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new stake in shares of Carlisle Companies during the fourth quarter worth about $29,000. Artemis Wealth Advisors LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth about $42,000. Signaturefd LLC grew its position in shares of Carlisle Companies by 28.9% during the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock worth $51,000 after purchasing an additional 44 shares in the last quarter. RVW Wealth LLC purchased a new stake in shares of Carlisle Companies during the third quarter worth about $52,000. Finally, UniSuper Management Pty Ltd purchased a new position in Carlisle Companies during the 2nd quarter valued at approximately $103,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $388.62 on Thursday. The stock has a market cap of $18.58 billion, a PE ratio of 25.50, a P/E/G ratio of 1.39 and a beta of 0.92. Carlisle Companies Incorporated has a 12 month low of $203.65 and a 12 month high of $392.63. The company has a 50-day moving average price of $345.76 and a 200 day moving average price of $301.98. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $3.92 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies Incorporated will post 18.51 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is presently 22.31%.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP David W. Smith sold 700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock valued at $5,231,360 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several research analyst reports. Robert W. Baird raised their price target on Carlisle Companies from $365.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Oppenheimer raised their price target on Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.67.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.