SG Americas Securities LLC Has $29.16 Million Stock Holdings in Carlisle Companies Incorporated $CSL

SG Americas Securities LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 744.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 91,170 shares of the conglomerate’s stock after acquiring an additional 80,368 shares during the period. SG Americas Securities LLC’s holdings in Carlisle Companies were worth $29,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Diversified Trust Co. boosted its stake in Carlisle Companies by 193.9% in the fourth quarter. Diversified Trust Co. now owns 3,204 shares of the conglomerate’s stock valued at $1,025,000 after buying an additional 2,114 shares in the last quarter. Marshall Financial Group LLC bought a new position in Carlisle Companies in the fourth quarter valued at about $730,000. Wedmont Private Capital acquired a new position in Carlisle Companies during the fourth quarter worth about $239,000. Nordea Investment Management AB raised its stake in Carlisle Companies by 7.4% during the fourth quarter. Nordea Investment Management AB now owns 19,797 shares of the conglomerate’s stock worth $6,365,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of Carlisle Companies by 318.9% in the fourth quarter. Procyon Advisors LLC now owns 8,458 shares of the conglomerate’s stock worth $2,705,000 after acquiring an additional 6,439 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the transaction, the vice president directly owned 3,697 shares of the company’s stock, valued at $1,530,742.85. The trade was a 32.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $333.27 on Friday. The stock’s 50 day moving average is $370.73 and its 200 day moving average is $344.66. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The firm has a market cap of $13.62 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.09 and a beta of 0.91. 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 released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $4.47 EPS. The company’s revenue was up .4% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CSL. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. raised their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.