Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Xponance Inc.

Xponance Inc. decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,923 shares of the conglomerate’s stock after selling 107 shares during the quarter. Xponance Inc.’s holdings in Carlisle Companies were worth $1,851,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CSL. Birch Hill Investment Advisors LLC grew its position in Carlisle Companies by 50.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock worth $4,491,000 after purchasing an additional 4,820 shares in the last quarter. Banco Santander S.A. purchased a new position in Carlisle Companies during the 3rd quarter worth approximately $341,000. Exchange Traded Concepts LLC purchased a new position in Carlisle Companies during the 4th quarter worth approximately $1,093,000. Pacer Advisors Inc. grew its position in Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares in the last quarter. Finally, Pathstone Family Office LLC grew its position in Carlisle Companies by 63.6% during the 3rd quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock worth $817,000 after purchasing an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Oppenheimer lifted their price objective on shares of Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Loop Capital boosted their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Carlisle Companies Trading Up 2.5 %

Carlisle Companies stock opened at $379.56 on Wednesday. The company’s fifty day simple moving average is $369.39 and its 200-day simple moving average is $318.34. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44. The stock has a market cap of $18.14 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.31 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data 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 net margin of 15.07% and a return on equity of 28.31%. 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 EPS. Carlisle Companies’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 18.72 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s payout ratio is presently 22.31%.

Insider Activity at Carlisle Companies

In related news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the transaction, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,255 shares of company stock valued at $5,231,360. Insiders own 1.50% of the company’s stock.

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.