Advisors Asset Management Inc. Reduces Holdings in Carlisle Companies Incorporated $CSL

Advisors Asset Management Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 28.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,771 shares of the conglomerate’s stock after selling 2,649 shares during the period. Advisors Asset Management Inc.’s holdings in Carlisle Companies were worth $2,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in shares of Carlisle Companies by 5.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,286 shares of the conglomerate’s stock valued at $6,015,000 after purchasing an additional 944 shares in the last quarter. Fullcircle Wealth LLC grew its position in Carlisle Companies by 8.1% in the 3rd quarter. Fullcircle Wealth LLC now owns 773 shares of the conglomerate’s stock worth $253,000 after purchasing an additional 58 shares during the last quarter. Kinsale Capital Group Inc. increased its position in Carlisle Companies by 12.5% in the 3rd quarter. Kinsale Capital Group Inc. now owns 15,030 shares of the conglomerate’s stock valued at $4,944,000 after acquiring an additional 1,669 shares during the period. Alps Advisors Inc. increased its holdings in shares of Carlisle Companies by 12.0% during the third quarter. Alps Advisors Inc. now owns 5,574 shares of the conglomerate’s stock valued at $1,834,000 after purchasing an additional 596 shares during the period. Finally, Thompson Davis & CO. Inc. raised its position in shares of Carlisle Companies by 38.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 28,882 shares of the conglomerate’s stock worth $9,501,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSL. Truist Financial dropped their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed 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 target on shares of Carlisle Companies in a report on Wednesday, February 4th. Finally, William Blair started coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Four 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $392.50.

Insider Activity

In related news, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $408.96 on Monday. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The business has a 50-day moving average of $350.50 and a two-hundred day moving average of $346.20. The stock has a market capitalization of $17.09 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.30 and a beta of 0.94. 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 issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates 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 firm posted $4.47 EPS. The firm’s revenue for the quarter 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

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.