B. Metzler seel. Sohn & Co. AG Sells 1,673 Shares of Carlisle Companies Incorporated $CSL

B. Metzler seel. Sohn & Co. AG cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 57.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,232 shares of the conglomerate’s stock after selling 1,673 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Carlisle Companies were worth $405,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Natixis Advisors LLC lifted its position in shares of Carlisle Companies by 5.4% in the 3rd quarter. Natixis Advisors LLC now owns 239,657 shares of the conglomerate’s stock worth $78,838,000 after purchasing an additional 12,325 shares during the period. Blair William & Co. IL increased its holdings in Carlisle Companies by 15.1% during the third quarter. Blair William & Co. IL now owns 687 shares of the conglomerate’s stock valued at $226,000 after buying an additional 90 shares during the period. Cramer Rosenthal Mcglynn LLC bought a new position in Carlisle Companies in the third quarter worth approximately $3,076,000. Barclays PLC raised its stake in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after buying an additional 451,662 shares in the last quarter. Finally, KCM Investment Advisors LLC lifted its holdings in Carlisle Companies by 4.0% during the third quarter. KCM Investment Advisors LLC now owns 62,329 shares of the conglomerate’s stock worth $20,504,000 after buying an additional 2,372 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. William Blair started coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Finally, Oppenheimer boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Carlisle Companies currently has an average rating of “Hold” and an average price target of $399.17.

Insiders Place Their Bets

In other news, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 113,238 shares in the company, valued at $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the transaction, the vice president owned 3,697 shares in the company, 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. Insiders sold a total of 68,289 shares of company stock worth $28,125,467 in the last three months. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

NYSE CSL opened at $353.01 on Thursday. The firm’s fifty day simple moving average is $371.99 and its two-hundred day simple moving average is $348.22. The firm has a market capitalization of $14.43 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.13 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 2.49 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $1.10 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is 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.