AllGen Financial Advisors Inc. Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

AllGen Financial Advisors Inc. decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,219 shares of the conglomerate’s stock after selling 672 shares during the period. AllGen Financial Advisors Inc.’s holdings in Carlisle Companies were worth $1,709,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Carlisle Companies during the second quarter valued at approximately $32,000. ORG Partners LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at $31,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $39,000. V Square Quantitative Management LLC bought a new stake in shares of Carlisle Companies during the 4th quarter worth $31,000. Finally, Principal Securities Inc. purchased a new position in shares of Carlisle Companies in the 4th quarter worth about $32,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.2 %

CSL stock opened at $425.32 on Thursday. The stock has a 50-day simple moving average of $410.03 and a two-hundred day simple moving average of $401.61. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87. The firm has a market capitalization of $20.25 billion, a PE ratio of 24.66, a PEG ratio of 1.30 and a beta of 0.90. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.18 EPS. On average, equities analysts predict that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a $1.00 dividend. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is currently 23.19%.

Insider Buying and Selling at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares in the company, 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 weighed in on CSL shares. Oppenheimer reissued an “outperform” rating and set a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Robert W. Baird raised their target price on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.

About Carlisle Companies

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.