Wedge Capital Management L L P NC Has $18.08 Million Stock Position in Carlisle Companies Incorporated $CSL

Wedge Capital Management L L P NC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,513 shares of the conglomerate’s stock after selling 3,072 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Carlisle Companies worth $18,076,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CSL. Goldman Sachs Group Inc. lifted its holdings in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after purchasing an additional 28,414 shares during the last quarter. MAI Capital Management grew its holdings in Carlisle Companies by 26.6% in the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock valued at $59,000 after buying an additional 33 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Carlisle Companies by 0.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 331,215 shares of the conglomerate’s stock worth $123,676,000 after buying an additional 842 shares during the period. Prudential Financial Inc. increased its position in Carlisle Companies by 21.0% during the 2nd quarter. Prudential Financial Inc. now owns 9,428 shares of the conglomerate’s stock worth $3,520,000 after buying an additional 1,637 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Carlisle Companies by 1.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 8,015 shares of the conglomerate’s stock worth $2,993,000 after buying an additional 133 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

CSL opened at $325.68 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The firm has a market cap of $13.31 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. The business’s fifty day moving average is $369.95 and its 200-day moving average is $344.20.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.47 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is 25.72%.

Insider Activity

In related news, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The shares were 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. This trade represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 68,289 shares of company stock worth $28,125,467. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Oppenheimer lifted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Finally, Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $399.17.

Carlisle Companies Company 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.