First Trust Advisors LP Sells 222,666 Shares of Carlisle Companies Incorporated $CSL

First Trust Advisors LP reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 41.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 312,953 shares of the conglomerate’s stock after selling 222,666 shares during the quarter. First Trust Advisors LP owned about 0.75% of Carlisle Companies worth $102,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bridges Investment Management Inc. lifted its holdings in shares of Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after purchasing an additional 102,014 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after purchasing an additional 8,701 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in Carlisle Companies during the 3rd quarter valued at $540,000. Citigroup Inc. raised its holdings in Carlisle Companies by 51.8% during the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares during the last quarter. Finally, M&G PLC acquired a new position in Carlisle Companies during the third quarter worth $11,913,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $354.90 on Monday. The firm has a 50-day moving average of $370.23 and a 200-day moving average of $348.70. The company has a market cap of $14.51 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.13 and a beta of 0.91. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92.

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

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

Analysts Set New Price Targets

CSL has been the subject of a number of analyst reports. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Oppenheimer raised their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Finally, Robert W. Baird set a $420.00 price objective on Carlisle Companies in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $395.83.

Insiders Place Their Bets

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the transaction, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.