Russell Investments Group Ltd. Lowers Stake in Carlisle Companies Incorporated (NYSE:CSL)

Russell Investments Group Ltd. cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 29.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,418 shares of the conglomerate’s stock after selling 11,591 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Carlisle Companies worth $8,879,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in Carlisle Companies by 0.5% in the third quarter. Commonwealth Equity Services LLC now owns 14,508 shares of the conglomerate’s stock worth $3,762,000 after purchasing an additional 74 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Carlisle Companies by 924.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 10,026 shares of the conglomerate’s stock worth $2,599,000 after acquiring an additional 9,047 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Carlisle Companies by 12.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,616 shares of the conglomerate’s stock valued at $1,975,000 after acquiring an additional 871 shares during the last quarter. Brown Advisory Inc. lifted its position in Carlisle Companies by 3.6% during the third quarter. Brown Advisory Inc. now owns 37,231 shares of the conglomerate’s stock valued at $9,653,000 after acquiring an additional 1,309 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in Carlisle Companies by 515.4% in the third quarter. Forsta AP Fonden now owns 8,000 shares of the conglomerate’s stock valued at $2,074,000 after acquiring an additional 6,700 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. The Goldman Sachs Group started coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Robert W. Baird boosted their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Oppenheimer increased their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Loop Capital boosted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $416.00.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $405.84 on Tuesday. Carlisle Companies Incorporated has a 52 week low of $205.10 and a 52 week high of $415.00. The business’s 50 day moving average price is $377.35 and its 200 day moving average price is $326.69. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. The firm has a market cap of $19.43 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.36 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. Carlisle Companies’s payout ratio is currently 19.71%.

Insider Activity

In related news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’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 completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Stephen Aldrich sold 1,095 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total value of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. Insiders sold a total of 18,387 shares of company stock valued at $6,492,789 in the last quarter. 1.50% of the stock is currently owned by company insiders.

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.