Carlisle Companies Incorporated $CSL Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 18.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,073 shares of the conglomerate’s stock after selling 22,167 shares during the period. TimesSquare Capital Management LLC owned about 0.24% of Carlisle Companies worth $33,249,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CSL. Bridges Investment Management Inc. lifted its stake in shares of Carlisle Companies by 221.3% in the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after buying an additional 102,014 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after purchasing an additional 8,701 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $540,000. EFG Asset Management North America Corp. increased its holdings in shares of Carlisle Companies by 11.3% in the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares during the last quarter. Finally, Sierra Legacy Group purchased a new position in Carlisle Companies during the second quarter worth approximately $764,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.8%

NYSE CSL opened at $408.96 on Friday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The stock has a market capitalization of $17.09 billion, a P/E ratio of 23.90, a PEG ratio of 1.30 and a beta of 0.94. The firm’s 50-day moving average is $350.50 and its two-hundred day moving average is $346.65. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company posted $4.47 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s payout ratio is currently 25.72%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the transaction, the insider directly owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,289 shares of company stock worth $28,125,467 in the last 90 days. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Oppenheimer lowered their price target on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. William Blair initiated coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $392.50.

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.