Asset Management One Co. Ltd. Trims Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Asset Management One Co. Ltd. trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,908 shares of the conglomerate’s stock after selling 765 shares during the period. Asset Management One Co. Ltd.’s holdings in Carlisle Companies were worth $5,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Carlisle Companies by 0.8% in the first quarter. BlackRock Inc. now owns 5,115,413 shares of the conglomerate’s stock worth $1,156,441,000 after purchasing an additional 40,344 shares during the period. Morgan Stanley boosted its holdings in Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after acquiring an additional 90,597 shares in the last quarter. State Street Corp boosted its holdings in Carlisle Companies by 9.1% in the first quarter. State Street Corp now owns 2,351,573 shares of the conglomerate’s stock worth $531,620,000 after acquiring an additional 196,859 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Carlisle Companies by 106,294.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,064,044 shares of the conglomerate’s stock worth $486,392,000 after acquiring an additional 2,062,104 shares in the last quarter. Finally, Norges Bank bought a new stake in Carlisle Companies in the fourth quarter worth $239,527,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Down 2.5 %

Carlisle Companies stock opened at $382.51 on Thursday. The stock has a market cap of $18.28 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. 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 one year low of $205.10 and a one year high of $403.44. The stock has a fifty day moving average of $362.30 and a 200 day moving average of $310.59.

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

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now 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. Over the last 90 days, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Robert W. Baird boosted their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. The Goldman Sachs Group started coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. Oppenheimer upped their price target on Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Loop Capital upped their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.43.

About Carlisle Companies

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.