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

L2 Asset Management LLC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 29.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CSL. Vermillion & White Wealth Management Group LLC grew its position in shares of 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 purchasing an additional 32 shares in the last quarter. Blue Trust Inc. raised its stake in Carlisle Companies by 4.9% during the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after purchasing an additional 32 shares during the period. DNB Asset Management AS lifted its holdings in Carlisle Companies by 0.3% in the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock worth $4,576,000 after purchasing an additional 33 shares in the last quarter. MAI Capital Management boosted its stake in Carlisle Companies by 26.6% in the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 33 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock worth $1,849,000 after purchasing an additional 33 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE:CSL opened at $334.96 on Tuesday. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.09 and a beta of 0.91. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The stock’s 50 day simple moving average is $372.75 and its two-hundred day simple moving average is $346.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $4.47 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

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 dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the sale, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 directly owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. The trade was a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 68,289 shares of company stock valued at $28,125,467. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective 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. Oppenheimer boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, 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. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $399.17.

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.