Tredje AP fonden Sells 17,820 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Tredje AP fonden reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 69.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,783 shares of the conglomerate’s stock after selling 17,820 shares during the quarter. Tredje AP fonden’s holdings in Carlisle Companies were worth $3,154,000 as of its most recent filing with the Securities & Exchange Commission.

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

Carlisle Companies Stock Performance

CSL stock opened at $438.58 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87. The company has a market cap of $20.88 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The stock’s fifty day moving average price is $410.20 and its 200-day moving average price is $401.78.

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

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, August 20th. 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 dividend yield of 0.91%. Carlisle Companies’s payout ratio is 23.19%.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

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.