Carlisle Companies Incorporated $CSL Shares Sold by Bokf Na

Bokf Na lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 67.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,317 shares of the conglomerate’s stock after selling 6,861 shares during the quarter. Bokf Na’s holdings in Carlisle Companies were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. acquired a new position in Carlisle Companies during the 2nd quarter worth $36,000. Torren Management LLC acquired a new position in Carlisle Companies during the 4th quarter worth $33,000. SBI Securities Co. Ltd. boosted its position in Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after acquiring an additional 34 shares during the period. Root Financial Partners LLC acquired a new position in Carlisle Companies during the 3rd quarter worth $38,000. Finally, LRI Investments LLC acquired a new position in Carlisle Companies during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This represents a 41.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction that occurred 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 sale, the chief executive officer 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. The SEC filing for this sale provides additional information. Insiders have sold 68,289 shares of company stock worth $28,125,467 in the last 90 days. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

CSL has been the subject of a number of analyst reports. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Oppenheimer upped their price objective on Carlisle Companies from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Raymond James Financial started coverage on Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 price objective for the company. Truist Financial upped their price objective on Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a report on Friday, April 24th. Finally, Robert W. Baird upped their price objective on Carlisle Companies from $402.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Stock Performance

CSL opened at $360.24 on Friday. The company has a market cap of $14.58 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.14 and a beta of 0.88. The stock has a 50-day moving average of $352.64 and a 200-day moving average of $346.64. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.58 and a current ratio of 3.38.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 21.13 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s dividend payout ratio is 25.87%.

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.