Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,556 shares of the conglomerate’s stock after selling 116 shares during the quarter. Raymond James Trust N.A.’s holdings in Carlisle Companies were worth $631,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Carlisle Companies during the fourth quarter worth about $47,830,000. Signaturefd LLC boosted its position in Carlisle Companies by 25.5% in the 4th quarter. Signaturefd LLC now owns 246 shares of the conglomerate’s stock valued at $77,000 after buying an additional 50 shares during the period. CWM LLC boosted its holdings in Carlisle Companies by 11.2% in the fourth quarter. CWM LLC now owns 2,445 shares of the conglomerate’s stock valued at $764,000 after purchasing an additional 247 shares during the period. Victory Capital Management Inc. grew its stake in Carlisle Companies by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 139,734 shares of the conglomerate’s stock worth $43,657,000 after purchasing an additional 4,862 shares in the last quarter. Finally, First Trust Direct Indexing L.P. acquired a new stake in Carlisle Companies in the 4th quarter valued at about $232,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity

In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David W. Smith sold 600 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $423.00.

Carlisle Companies Stock Down 0.8 %

CSL stock opened at $419.25 on Tuesday. The stock has a market cap of $19.96 billion, a P/E ratio of 24.30, a PEG ratio of 1.31 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87. The company’s 50 day moving average is $410.94 and its two-hundred day moving average is $394.67.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. Carlisle Companies’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.18 earnings per share. Research analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.

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.