Orion Portfolio Solutions LLC Sells 694 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Orion Portfolio Solutions LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 46.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 808 shares of the conglomerate’s stock after selling 694 shares during the period. Orion Portfolio Solutions LLC’s holdings in Carlisle Companies were worth $298,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CSL. Franklin Resources Inc. increased its holdings in Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after buying an additional 16,303 shares in the last quarter. JPMorgan Chase & Co. increased its position in Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock worth $418,617,000 after buying an additional 34,021 shares in the last quarter. Geode Capital Management LLC raised its stake in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. Norges Bank bought a new stake in Carlisle Companies during the fourth quarter valued at about $208,095,000. Finally, Madison Investment Advisors LLC bought a new stake in Carlisle Companies during the 4th quarter valued at approximately $148,208,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CSL has been the subject of several research analyst reports. Oppenheimer restated an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Trading Up 8.1 %

NYSE:CSL opened at $342.64 on Thursday. The firm has a 50-day simple moving average of $342.35 and a 200-day simple moving average of $395.50. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The firm has a market cap of $15.13 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the company earned $4.17 earnings per share. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.17%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Insider Buying and Selling at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares of the company’s stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Carlisle Companies Company 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.