Carlisle Companies Incorporated $CSL Position Lowered by Shell Asset Management Co.

Shell Asset Management Co. reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 99.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106 shares of the conglomerate’s stock after selling 10,709 shares during the quarter. Shell Asset Management Co.’s holdings in Carlisle Companies were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSL. Lodge Hill Capital LLC grew its position in shares of Carlisle Companies by 41.0% in the 3rd quarter. Lodge Hill Capital LLC now owns 137,530 shares of the conglomerate’s stock worth $45,242,000 after acquiring an additional 40,000 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Carlisle Companies during the third quarter worth $60,000. Assetmark Inc. boosted its holdings in Carlisle Companies by 9.2% in the third quarter. Assetmark Inc. now owns 474 shares of the conglomerate’s stock worth $156,000 after purchasing an additional 40 shares during the period. Illinois Municipal Retirement Fund increased its stake in Carlisle Companies by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after purchasing an additional 33 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its stake in Carlisle Companies by 40.5% during the third quarter. Cornerstone Investment Partners LLC now owns 1,236 shares of the conglomerate’s stock valued at $407,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares of the company’s stock, valued at $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the transaction, the chief executive officer owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This represents a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,289 shares of company stock valued at $28,125,467 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $400.18 on Tuesday. The firm’s 50 day moving average is $359.91 and its two-hundred day moving average is $348.33. The firm has a market capitalization of $16.36 billion, a P/E ratio of 23.39, a PEG ratio of 1.30 and a beta of 0.94. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $4.47 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CSL. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Truist Financial dropped their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. cut their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $392.50.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.