Carlisle Companies Incorporated $CSL Stock Holdings Lowered by 2Xideas AG

2Xideas AG cut its position in Carlisle Companies Incorporated (NYSE:CSL) by 40.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,689 shares of the conglomerate’s stock after selling 7,860 shares during the quarter. 2Xideas AG’s holdings in Carlisle Companies were worth $3,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CSL. Elevation Point Wealth Partners LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Carlisle Companies in the second quarter worth about $25,000. Traub Capital Management LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 32 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies during the 2nd quarter valued at about $36,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $341.13 on Friday. The company has a fifty day moving average price of $372.70 and a two-hundred day moving average price of $347.82. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The stock has a market cap of $13.95 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.10 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 (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 return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm posted $4.47 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a $1.10 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. Carlisle Companies’s payout ratio is 25.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. William Blair initiated coverage on shares of Carlisle Companies in a report on Friday, January 30th. They issued a “market perform” rating on the stock. 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 research report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four equities research 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 data from MarketBeat, Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $399.17.

Insiders Place Their Bets

In other news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 8,540 shares of the company’s stock, valued at $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies 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 transaction, the chief financial officer directly owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 68,289 shares of company stock valued at $28,125,467 over the last 90 days. 1.50% of the stock is owned by company insiders.

Carlisle Companies 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.