Van ECK Associates Corp Has $2.07 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Van ECK Associates Corp trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,608 shares of the conglomerate’s stock after selling 228 shares during the quarter. Van ECK Associates Corp’s holdings in Carlisle Companies were worth $2,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSL. Pacer Advisors Inc. boosted its position in Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after buying an additional 413,691 shares during the last quarter. 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 valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Carlisle Companies by 4,974.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 85,000 shares of the conglomerate’s stock worth $22,037,000 after purchasing an additional 83,325 shares during the period. Invesco Ltd. raised its holdings in Carlisle Companies by 36.9% during the 3rd quarter. Invesco Ltd. now owns 269,752 shares of the conglomerate’s stock worth $69,936,000 after purchasing an additional 72,741 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Carlisle Companies by 63.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 163,647 shares of the conglomerate’s stock valued at $42,427,000 after purchasing an additional 63,260 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In other news, CEO D Christian Koch sold 6,454 shares of the 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 owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David W. Smith sold 2,037 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,586 shares of company stock valued at $3,504,388. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in 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. Robert W. Baird upped their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Loop Capital raised their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. Finally, Oppenheimer increased their target price on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.00.

Carlisle Companies Price Performance

CSL opened at $408.32 on Thursday. The stock has a market cap of $19.55 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $415.00. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $379.68 and a 200 day simple moving average of $328.38.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. On average, research analysts expect that Carlisle Companies Incorporated will post 19.51 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.85 per share. The ex-dividend date is Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.83%. Carlisle Companies’s dividend payout ratio (DPR) is currently 19.71%.

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.