River Global Investors LLP Decreases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

River Global Investors LLP cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,783 shares of the conglomerate’s stock after selling 4,496 shares during the period. Carlisle Companies comprises about 0.9% of River Global Investors LLP’s holdings, making the stock its 27th largest position. River Global Investors LLP’s holdings in Carlisle Companies were worth $4,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allworth Financial LP lifted its holdings in Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Carlisle Companies by 2.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $508,000 after purchasing an additional 41 shares in the last quarter. Signaturefd LLC lifted its holdings in Carlisle Companies by 28.9% in the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after purchasing an additional 44 shares in the last quarter. Benson Investment Management Company Inc. lifted its holdings in Carlisle Companies by 0.4% in the 4th quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate’s stock valued at $3,440,000 after purchasing an additional 47 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Carlisle Companies by 0.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,350 shares of the conglomerate’s stock valued at $1,906,000 after purchasing an additional 50 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.9 %

Shares of CSL stock traded up $3.40 during trading hours on Friday, hitting $398.47. 202,235 shares of the company were exchanged, compared to its average volume of 318,141. The firm has a fifty day moving average of $376.23 and a 200 day moving average of $324.67. The firm has a market cap of $19.08 billion, a PE ratio of 23.10, a PEG ratio of 1.35 and a beta of 0.90. Carlisle Companies Incorporated has a 1 year low of $205.10 and a 1 year high of $415.00. The company has a quick ratio of 2.57, a current ratio of 2.95 and a debt-to-equity ratio of 0.66.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. Analysts expect that Carlisle Companies Incorporated will post 19.51 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, May 17th. Carlisle Companies’s dividend payout ratio (DPR) is presently 19.71%.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Carlisle Companies news, VP David W. Smith sold 700 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CSL has been the topic of a number of recent research reports. Robert W. Baird upped their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer upped their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Loop Capital increased their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.