River Road Asset Management LLC Lowers Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

River Road Asset Management LLC cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,495 shares of the conglomerate’s stock after selling 88,099 shares during the period. River Road Asset Management LLC owned 0.24% of Carlisle Companies worth $36,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CSL. Allworth Financial LP grew its position in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Carlisle Companies in the 4th quarter valued at $29,000. Tennessee Valley Asset Management Partners purchased a new position in Carlisle Companies in the 4th quarter valued at $40,000. Artemis Wealth Advisors LLC purchased a new position in Carlisle Companies in the 2nd quarter valued at $42,000. Finally, Signaturefd LLC grew its position 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 buying an additional 44 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.4 %

Shares of NYSE:CSL traded down $5.40 during trading on Wednesday, reaching $368.84. 254,886 shares of the stock were exchanged, compared to its average volume of 273,899. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $403.44. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. The firm’s 50-day moving average price is $366.82 and its 200 day moving average price is $314.29.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the business earned $3.92 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 18.7 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is presently 22.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CSL shares. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Oppenheimer raised their target price on Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Robert W. Baird raised their target price on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. The Goldman Sachs Group started coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price for the company. Finally, Loop Capital raised their target price on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $389.17.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David W. Smith sold 700 shares of the company’s 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 transaction, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock worth $5,231,360 in the last 90 days. 1.50% of the stock is owned by company insiders.

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.