L2 Asset Management LLC Sells 1,728 Shares of Carlisle Companies Incorporated $CSL

L2 Asset Management LLC decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 29.8% in the third quarter, Holdings Channel.com reports. The firm owned 4,072 shares of the conglomerate’s stock after selling 1,728 shares during the period. L2 Asset Management LLC’s holdings in Carlisle Companies were worth $1,340,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CSL. Elevation Point Wealth Partners LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Carlisle Companies in the second quarter worth $25,000. Traub Capital Management LLC purchased a new position in Carlisle Companies during the second quarter worth $28,000. Vermillion & White Wealth Management Group LLC boosted its stake in Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after buying an additional 32 shares during the period. Finally, Osterweis Capital Management Inc. bought a new position in Carlisle Companies during the second quarter valued at $36,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL stock opened at $334.96 on Tuesday. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The stock has a fifty day simple moving average of $372.75 and a two-hundred day simple moving average of $346.84. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.09 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $4.47 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CSL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. William Blair started coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating on the stock. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th. Finally, Oppenheimer boosted their target price on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $399.17.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the sale, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 68,289 shares of company stock worth $28,125,467. Company insiders own 1.40% of the company’s stock.

About Carlisle Companies

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.