Carlisle Companies Incorporated $CSL Stock Holdings Lessened by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 43.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,618 shares of the conglomerate’s stock after selling 24,753 shares during the period. Segall Bryant & Hamill LLC owned about 0.08% of Carlisle Companies worth $10,401,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CSL. Elevation Point Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies during the second quarter valued at $25,000. Traub Capital Management LLC acquired a new stake in Carlisle Companies during the second quarter valued at $28,000. Vermillion & White Wealth Management Group LLC grew its stake in Carlisle Companies by 69.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Down 0.0%

Shares of CSL stock opened at $388.72 on Thursday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a market cap of $15.89 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The business’s 50 day moving average is $368.88 and its two-hundred day moving average is $349.19.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. Carlisle Companies’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $4.47 EPS. Equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a $1.10 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.

Insiders Place Their Bets

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the sale, the chief financial officer owned 30,094 shares in the company, valued at $12,279,555.76. This represents a 44.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the transaction, the insider directly owned 8,540 shares in the company, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 68,289 shares of company stock valued at $28,125,467. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer lifted their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, William Blair initiated coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $395.83.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.