Vanguard Group Inc. Trims Stock Position in Carlisle Companies Incorporated $CSL

Vanguard Group Inc. lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,303,117 shares of the conglomerate’s stock after selling 79,669 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Carlisle Companies worth $1,415,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after purchasing an additional 558,710 shares in the last quarter. Sands Capital Management LLC purchased a new stake in shares of Carlisle Companies in the second quarter worth $159,203,000. JPMorgan Chase & Co. boosted its stake in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after buying an additional 358,241 shares during the period. Norges Bank purchased a new position in Carlisle Companies during the second quarter worth about $128,856,000. Finally, Lazard Asset Management LLC grew its position in Carlisle Companies by 464.2% during the second quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock worth $67,543,000 after buying an additional 148,829 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

NYSE:CSL opened at $408.77 on Friday. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.29 and a beta of 0.94. The business has a 50 day moving average of $358.54 and a 200 day moving average of $348.16. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.62. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

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

Carlisle Companies Announces Dividend

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

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the sale, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the sale, the chief executive officer owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 68,289 shares of company stock valued at $28,125,467. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Robert W. Baird set a $420.00 price target on Carlisle Companies in a report on Wednesday, February 4th. Truist Financial lowered their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note 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, JPMorgan Chase & Co. lowered their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and an average target price 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.