Carlisle Companies Incorporated $CSL Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,653 shares of the conglomerate’s stock after selling 3,191 shares during the period. ABN Amro Investment Solutions’ holdings in Carlisle Companies were worth $3,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bridges Investment Management Inc. increased its holdings in shares of Carlisle Companies by 221.3% in the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after buying an additional 102,014 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after acquiring an additional 8,701 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter worth $540,000. EFG Asset Management North America Corp. raised its position in shares of Carlisle Companies by 11.3% during the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after purchasing an additional 885 shares during the period. Finally, Sierra Legacy Group purchased a new stake in shares of Carlisle Companies during the second quarter valued at $764,000. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.40% of the stock is currently owned by insiders.

Carlisle Companies Price Performance

CSL opened at $408.96 on Monday. The stock has a fifty day moving average price of $350.50 and a 200 day moving average price of $346.20. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.30 and a beta of 0.94.

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

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s payout ratio is 25.72%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CSL shares. Oppenheimer dropped their price target on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Vertical Research started coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research report on Wednesday, February 4th. Finally, William Blair initiated coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Company 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.