Ameritas Investment Partners Inc. Sells 614 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Ameritas Investment Partners Inc. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 17,912 shares of the conglomerate’s stock after selling 614 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Carlisle Companies were worth $7,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Carlisle Companies in the 4th quarter worth $238,000. Principal Securities Inc. bought a new stake in Carlisle Companies during the fourth quarter worth approximately $32,000. Jump Financial LLC purchased a new stake in Carlisle Companies during the fourth quarter valued at approximately $250,000. Janney Montgomery Scott LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at approximately $2,540,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Carlisle Companies by 38.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after purchasing an additional 3,815 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 0.3 %

Shares of NYSE CSL opened at $437.02 on Friday. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $443.87. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.30 and a beta of 0.90. The stock has a 50 day moving average price of $410.45 and a 200 day moving average price of $402.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.40. The business had revenue of $1.45 billion during 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%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.18 EPS. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.92%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is currently 23.19%.

Insider Transactions at Carlisle Companies

In related 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 directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, 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 this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several recent analyst reports. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird upped their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.