Mackenzie Financial Corp Lowers Position in Carlisle Companies Incorporated (NYSE:CSL)

Mackenzie Financial Corp cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,658 shares of the conglomerate’s stock after selling 86 shares during the quarter. Mackenzie Financial Corp’s holdings in Carlisle Companies were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Allworth Financial LP increased 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 valued at $27,000 after acquiring an additional 40 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Carlisle Companies by 2.1% during the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $508,000 after purchasing an additional 41 shares during the period. Signaturefd LLC grew its holdings in Carlisle Companies by 28.9% during the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after purchasing an additional 44 shares during the period. Benson Investment Management Company Inc. grew its holdings in Carlisle Companies by 0.4% during the fourth quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate’s stock valued at $3,440,000 after purchasing an additional 47 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Carlisle Companies by 0.7% during the third quarter. Daiwa Securities Group Inc. now owns 7,350 shares of the conglomerate’s stock valued at $1,906,000 after purchasing an additional 50 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. Loop Capital raised their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Oppenheimer raised their price target on Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Robert W. Baird raised their price target on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Carlisle Companies Price Performance

NYSE:CSL opened at $381.99 on Friday. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.35 and a beta of 0.93. Carlisle Companies Incorporated has a 52-week low of $205.10 and a 52-week high of $403.44. The stock has a fifty day moving average of $370.69 and a 200 day moving average of $319.17. 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 (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) 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 analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $3.92 earnings per share. On average, research analysts expect that Carlisle Companies Incorporated will post 18.72 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was 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 owns 2,834 shares in the company, valued at approximately $959,422.36. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock worth $5,231,360 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Company 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.