Wedge Capital Management L L P NC Sells 3,072 Shares of Carlisle Companies Incorporated $CSL

Wedge Capital Management L L P NC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,513 shares of the conglomerate’s stock after selling 3,072 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Carlisle Companies were worth $18,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CSL. Dakota Wealth Management bought a new stake in shares of Carlisle Companies during the 4th quarter valued at approximately $265,000. Sendero Wealth Management LLC lifted its stake in Carlisle Companies by 6.8% in the 4th quarter. Sendero Wealth Management LLC now owns 2,005 shares of the conglomerate’s stock valued at $641,000 after purchasing an additional 127 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in Carlisle Companies by 0.3% in the 4th quarter. Thompson Davis & CO. Inc. now owns 28,982 shares of the conglomerate’s stock valued at $9,270,000 after purchasing an additional 100 shares during the last quarter. Tilia Fiduciary Partners Inc. boosted its position in Carlisle Companies by 5.2% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 7,926 shares of the conglomerate’s stock valued at $2,535,000 after buying an additional 393 shares in the last quarter. Finally, Bath Savings Trust Co grew its stake in shares of Carlisle Companies by 62.6% during the fourth quarter. Bath Savings Trust Co now owns 2,054 shares of the conglomerate’s stock worth $657,000 after buying an additional 791 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

CSL stock opened at $325.68 on Friday. The company has a market capitalization of $13.31 billion, a P/E ratio of 19.03, a PEG ratio of 1.07 and a beta of 0.91. The company has a fifty day moving average price of $369.95 and a 200-day moving average price of $344.20. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. 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 for the quarter, topping the consensus estimate of $3.60 by $0.30. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. Carlisle Companies’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.47 earnings per share. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s payout ratio is 25.72%.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the sale, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This represents a 44.55% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 68,289 shares of company stock worth $28,125,467. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Oppenheimer upped their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and a consensus price target of $399.17.

Carlisle Companies Company 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.