Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,184 shares of the conglomerate’s stock after selling 261 shares during the period. Federated Hermes Inc.’s holdings in Carlisle Companies were worth $1,932,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in Carlisle Companies by 17.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,630 shares of the conglomerate’s stock worth $2,696,000 after acquiring an additional 1,280 shares during the period. SVB Wealth LLC purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $205,000. Lecap Asset Management Ltd. purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $1,141,000. Louisiana State Employees Retirement System purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $4,280,000. Finally, WCM Investment Management LLC purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $214,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 6,454 shares of the company’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 SEC, which can be accessed through the SEC website. In other Carlisle Companies 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 value of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction 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. In the last three months, insiders sold 15,255 shares of company stock valued at $5,231,360. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Up 4.9 %

Shares of Carlisle Companies stock opened at $400.56 on Monday. The company has a fifty day moving average price of $371.87 and a 200 day moving average price of $320.89. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. Carlisle Companies Incorporated has a twelve month low of $205.10 and a twelve month high of $415.00. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Equities research analysts forecast that Carlisle Companies Incorporated will post 19.08 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. Carlisle Companies’s dividend payout ratio (DPR) is 19.71%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday. Loop Capital boosted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Oppenheimer boosted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $398.33.

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.