Wright Investors Service Inc. Trims Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Wright Investors Service Inc. lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,690 shares of the conglomerate’s stock after selling 1,368 shares during the period. Wright Investors Service Inc.’s holdings in Carlisle Companies were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CSL. Allworth Financial LP increased its holdings in shares of Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares during the period. Coldstream Capital Management Inc. lifted its position in Carlisle Companies by 2.1% during the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $508,000 after purchasing an additional 41 shares during the last quarter. Signaturefd LLC grew its stake in Carlisle Companies by 28.9% in the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock worth $51,000 after buying an additional 44 shares in the last quarter. Benson Investment Management Company Inc. grew its stake in Carlisle Companies by 0.4% in the 4th quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate’s stock worth $3,440,000 after buying an additional 47 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Carlisle Companies by 0.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,350 shares of the conglomerate’s stock valued at $1,906,000 after buying an additional 50 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,255 shares of company stock valued at $5,231,360. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

CSL opened at $367.53 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The stock’s 50 day simple moving average is $367.86 and its 200 day simple moving average is $315.04. The firm has a market cap of $17.57 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.32 and a beta of 0.93. Carlisle Companies Incorporated has a 1 year low of $205.10 and a 1 year high of $403.44.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $3.92 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. As a group, analysts predict that Carlisle Companies Incorporated will post 18.7 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s payout ratio is 22.31%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Oppenheimer increased their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group initiated coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. Robert W. Baird upped their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Loop Capital increased their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $390.33.

Carlisle Companies Company 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.