Oppenheimer & Co. Inc. Sells 185 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Oppenheimer & Co. Inc. lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,240 shares of the conglomerate’s stock after selling 185 shares during the period. Oppenheimer & Co. Inc.’s holdings in Carlisle Companies were worth $2,934,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. D Orazio & Associates Inc. bought a new position in shares of Carlisle Companies in the second quarter worth $218,000. BOKF NA grew its position in Carlisle Companies by 177.0% in the second quarter. BOKF NA now owns 26,975 shares of the conglomerate’s stock valued at $10,931,000 after acquiring an additional 17,235 shares during the last quarter. Achmea Investment Management B.V. grew its position in Carlisle Companies by 148.7% in the second quarter. Achmea Investment Management B.V. now owns 6,674 shares of the conglomerate’s stock valued at $2,704,000 after acquiring an additional 3,990 shares during the last quarter. Qsemble Capital Management LP bought a new position in Carlisle Companies in the second quarter valued at about $848,000. Finally, American Century Companies Inc. grew its position in Carlisle Companies by 18.7% in the second quarter. American Century Companies Inc. now owns 74,021 shares of the conglomerate’s stock valued at $29,994,000 after acquiring an additional 11,668 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on 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 $1,206,037.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on 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 $1,206,037.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction that occurred on 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 completion of 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 owned by insiders.

Carlisle Companies Stock Performance

NYSE:CSL opened at $411.30 on Monday. The stock has a market cap of $19.58 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $409.59 and its 200-day moving average is $400.61. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $443.87.

Carlisle Companies (NYSE:CSL) last released its quarterly 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 company 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%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.18 earnings per share. Equities research analysts anticipate 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 $1.00 dividend. This is a positive change 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 0.97%. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s payout ratio is currently 23.19%.

Analyst Ratings Changes

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