Aberdeen Group plc Sells 71,711 Shares of Carlisle Companies Incorporated $CSL

Aberdeen Group plc decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 77.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,375 shares of the conglomerate’s stock after selling 71,711 shares during the quarter. Aberdeen Group plc owned about 0.05% of Carlisle Companies worth $7,140,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 58 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the sale, 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CSL shares. William Blair initiated coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Truist Financial reduced their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four 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’s stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Trading Up 0.3%

CSL opened at $408.77 on Friday. The stock has a market capitalization of $16.71 billion, a P/E ratio of 23.89, a P/E/G ratio of 1.29 and a beta of 0.94. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm’s fifty day simple moving average is $358.54 and its 200 day simple moving average is $348.16.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $4.47 EPS. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company 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 annualized dividend and a yield of 1.1%. 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.