Carlisle Companies Incorporated $CSL Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247,111 shares of the conglomerate’s stock after selling 2,247 shares during the period. Carlisle Companies comprises about 1.8% of Robeco Schweiz AG’s holdings, making the stock its 14th biggest holding. Robeco Schweiz AG’s holdings in Carlisle Companies were worth $79,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CSL. Equitable Trust Co. increased its stake in Carlisle Companies by 14.7% in the 4th quarter. Equitable Trust Co. now owns 3,893 shares of the conglomerate’s stock worth $1,245,000 after purchasing an additional 500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Carlisle Companies by 11.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,645 shares of the conglomerate’s stock worth $14,336,000 after buying an additional 4,568 shares during the period. Allegheny Financial Group purchased a new stake in Carlisle Companies during the fourth quarter valued at about $232,000. VELA Investment Management LLC purchased a new stake in Carlisle Companies during the fourth quarter valued at about $5,024,000. Finally, Composition Wealth LLC boosted its holdings in shares of Carlisle Companies by 10.5% in the fourth quarter. Composition Wealth LLC now owns 735 shares of the conglomerate’s stock worth $235,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other news, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. The trade was a 24.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction 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 sale, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSL. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Oppenheimer raised their price objective on shares of Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial initiated coverage on shares of Carlisle Companies in a research note on Monday, April 27th. They set an “outperform” rating and a $425.00 target price on the stock. Finally, William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Trading Up 5.4%

NYSE:CSL opened at $374.57 on Thursday. The stock has a market cap of $15.16 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The stock’s 50-day moving average is $353.58 and its two-hundred day moving average is $346.38.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 earnings per share. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.13 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

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.