Hancock Whitney Corp Decreases Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Hancock Whitney Corp reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,716 shares of the conglomerate’s stock after selling 239 shares during the period. Hancock Whitney Corp’s holdings in Carlisle Companies were worth $3,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Carlisle Companies in the fourth quarter valued at $31,000. ORG Partners LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at about $31,000. Principal Securities Inc. purchased a new position in Carlisle Companies during the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies during the second quarter worth about $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Carlisle Companies in the second quarter valued at about $39,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

CSL stock opened at $436.98 on Friday. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth 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 Incorporated has a 52-week low of $235.79 and a 52-week high of $443.87. The stock’s fifty day simple moving average is $410.59 and its 200-day simple moving average is $402.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) 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 analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $5.18 EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $1.00 per share. 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 0.92%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. 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 directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on CSL. Oppenheimer reiterated an “outperform” rating and set a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Robert W. Baird increased their price objective on Carlisle Companies from $465.00 to $500.00 and gave the company 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and an average 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.