EFG Asset Management Americas Corp. Sells 4,476 Shares of Carlisle Companies Incorporated $CSL

EFG Asset Management Americas Corp. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 63.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,559 shares of the conglomerate’s stock after selling 4,476 shares during the period. EFG Asset Management Americas Corp.’s holdings in Carlisle Companies were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. California Public Employees Retirement System lifted its stake in Carlisle Companies by 1.3% in the 3rd quarter. California Public Employees Retirement System now owns 89,424 shares of the conglomerate’s stock valued at $29,417,000 after acquiring an additional 1,146 shares in the last quarter. Chilton Investment Co. Inc. bought a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $3,352,000. Bank of Nova Scotia raised its holdings in shares of Carlisle Companies by 40.8% in the third quarter. Bank of Nova Scotia now owns 2,317 shares of the conglomerate’s stock valued at $762,000 after purchasing an additional 671 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Carlisle Companies in the third quarter worth $912,000. Finally, Lazard Asset Management LLC lifted its position in shares of Carlisle Companies by 0.3% in the third quarter. Lazard Asset Management LLC now owns 181,374 shares of the conglomerate’s stock worth $59,665,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. The trade was a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,289 shares of company stock worth $28,125,467 in the last quarter. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

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

Carlisle Companies Stock Down 0.7%

Shares of CSL stock opened at $341.13 on Friday. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.09 and a beta of 0.91. The firm’s 50-day moving average is $372.70 and its 200-day moving average is $347.51. 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 (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company posted $4.47 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

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

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.