Carlisle Companies Incorporated (NYSE:CSL) Position Cut by Quest Partners LLC

Quest Partners LLC trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 26.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 641 shares of the conglomerate’s stock after selling 231 shares during the quarter. Quest Partners LLC’s holdings in Carlisle Companies were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Carlisle Companies during the fourth quarter valued at $31,000. ORG Partners LLC acquired a new position in shares of Carlisle Companies during the second quarter valued at $31,000. Principal Securities Inc. acquired a new position in shares of Carlisle Companies during the fourth quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies during the second quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in shares of Carlisle Companies during the second quarter valued at $39,000. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird lifted their target price on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.00.

Carlisle Companies Trading Up 1.8 %

Shares of CSL opened at $411.30 on Friday. The business’s 50-day moving average price is $409.59 and its 200 day moving average price is $400.26. The stock has a market capitalization of $19.58 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $443.87. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. Carlisle Companies’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $5.18 EPS. Analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.97%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

Carlisle Companies 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.