PNC Financial Services Group Inc. Sells 956 Shares of Carlisle Companies Incorporated (NYSE:CSL)

PNC Financial Services Group Inc. lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,083 shares of the conglomerate’s stock after selling 956 shares during the period. PNC Financial Services Group Inc.’s holdings in Carlisle Companies were worth $3,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Commerce Bank grew its position in Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after acquiring an additional 34 shares during the last quarter. Allworth Financial LP increased its stake in shares of Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Carlisle Companies by 3.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock valued at $475,000 after buying an additional 45 shares during the last quarter. Benson Investment Management Company Inc. boosted its position in Carlisle Companies by 0.4% during the 4th quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate’s stock valued at $3,440,000 after buying an additional 47 shares during the period. Finally, Signaturefd LLC grew its holdings in Carlisle Companies by 25.5% in the 4th quarter. Signaturefd LLC now owns 246 shares of the conglomerate’s stock worth $77,000 after acquiring an additional 50 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO D Christian Koch sold 54,927 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the sale, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The disclosure for this sale can be found here. Insiders have sold a total of 58,059 shares of company stock worth $24,334,065 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CSL shares. The Goldman Sachs Group started coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Loop Capital lifted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Robert W. Baird increased their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Oppenheimer lifted their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.00.

Carlisle Companies Trading Up 1.7 %

NYSE:CSL opened at $422.12 on Thursday. Carlisle Companies Incorporated has a one year low of $235.79 and a one year high of $430.21. The company’s 50-day simple moving average is $402.84 and its 200 day simple moving average is $359.52. The firm has a market capitalization of $20.09 billion, a P/E ratio of 24.47, a PEG ratio of 1.39 and a beta of 0.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. As a group, analysts forecast that Carlisle Companies Incorporated will post 19.93 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, May 17th. Carlisle Companies’s dividend payout ratio is presently 19.71%.

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.