Crestwood Advisors Group LLC Lowers Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Crestwood Advisors Group LLC trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,695 shares of the conglomerate’s stock after selling 38 shares during the period. Crestwood Advisors Group LLC’s holdings in Carlisle Companies were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Birch Hill Investment Advisors LLC lifted its position in shares of Carlisle Companies by 50.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock valued at $4,491,000 after acquiring an additional 4,820 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at approximately $40,000. Cerity Partners LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at approximately $899,000. Tobam acquired a new position in shares of Carlisle Companies during the 4th quarter worth approximately $59,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Carlisle Companies during the 4th quarter worth approximately $47,830,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 1.2 %

Shares of CSL opened at $373.14 on Monday. The stock has a fifty day moving average of $364.52 and a two-hundred day moving average of $312.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. The company has a market capitalization of $17.84 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. Carlisle Companies Incorporated has a fifty-two week low of $205.10 and a fifty-two week high of $403.44.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.70. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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 was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.92 EPS. As a group, analysts forecast that Carlisle Companies Incorporated will post 18.7 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 annualized dividend and a dividend yield of 0.91%. Carlisle Companies’s dividend payout ratio is presently 22.31%.

Insider Activity

In other news, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $959,422.36. The disclosure for this sale can be found here. Insiders sold 15,255 shares of company stock valued at $5,231,360 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

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

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.