Candriam S.C.A. Has $4.30 Million Stake in Carlisle Companies Incorporated $CSL

Candriam S.C.A. lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 76.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,083 shares of the conglomerate’s stock after selling 43,228 shares during the period. Candriam S.C.A.’s holdings in Carlisle Companies were worth $4,304,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Fullcircle Wealth LLC boosted its stake in shares of Carlisle Companies by 8.1% during the third quarter. Fullcircle Wealth LLC now owns 773 shares of the conglomerate’s stock valued at $253,000 after purchasing an additional 58 shares in the last quarter. Kinsale Capital Group Inc. boosted its position in Carlisle Companies by 12.5% during the 3rd quarter. Kinsale Capital Group Inc. now owns 15,030 shares of the conglomerate’s stock worth $4,944,000 after buying an additional 1,669 shares during the period. Alps Advisors Inc. grew its holdings in Carlisle Companies by 12.0% during the 3rd quarter. Alps Advisors Inc. now owns 5,574 shares of the conglomerate’s stock worth $1,834,000 after acquiring an additional 596 shares during the last quarter. Thompson Davis & CO. Inc. increased its position in Carlisle Companies by 38.3% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 28,882 shares of the conglomerate’s stock valued at $9,501,000 after acquiring an additional 8,000 shares during the period. Finally, Bessemer Group Inc. increased its position in Carlisle Companies by 2.5% in the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock valued at $215,582,000 after acquiring an additional 15,834 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 62,240 shares of company stock worth $25,600,856. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Performance

Shares of CSL opened at $418.55 on Thursday. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a market cap of $17.49 billion, a PE ratio of 24.46, a P/E/G ratio of 1.32 and a beta of 0.94. The stock has a 50-day moving average of $346.92 and a 200-day moving average of $346.83. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 40.11% and a net margin of 14.76%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $4.47 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSL. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Vertical Research began coverage on Carlisle Companies in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Truist Financial reduced their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $392.50.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.