Madison Asset Management LLC Lowers Holdings in Carlisle Companies Incorporated $CSL

Madison Asset Management LLC reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.5% during the 4th quarter, HoldingsChannel reports. The fund owned 475,632 shares of the conglomerate’s stock after selling 33,334 shares during the period. Carlisle Companies accounts for 1.7% of Madison Asset Management LLC’s portfolio, making the stock its 12th largest position. Madison Asset Management LLC’s holdings in Carlisle Companies were worth $152,136,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Illinois Municipal Retirement Fund increased its position in Carlisle Companies by 0.6% during the third 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 last quarter. SBI Securities Co. Ltd. increased its holdings in shares of 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 buying an additional 34 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Carlisle Companies by 1.0% in the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock worth $1,160,000 after buying an additional 34 shares during the period. Nicolet Advisory Services LLC raised its position in shares of Carlisle Companies by 3.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock worth $337,000 after buying an additional 35 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its holdings in Carlisle Companies by 5.4% in the third quarter. Citizens Financial Group Inc. RI now owns 720 shares of the conglomerate’s stock valued at $237,000 after acquiring an additional 37 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CSL. Oppenheimer upped their price target on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Friday, March 27th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Stock Down 1.7%

Shares of Carlisle Companies stock opened at $351.53 on Wednesday. The company has a market capitalization of $14.23 billion, a PE ratio of 20.67, a P/E/G ratio of 1.13 and a beta of 0.88. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The business has a 50-day moving average of $350.34 and a 200-day moving average of $347.16.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data 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. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.61 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.13 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 25.87%.

Insider Buying and Selling

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

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.