Aristotle Capital Boston LLC Sells 3,328 Shares of Carlisle Companies Incorporated $CSL

Aristotle Capital Boston LLC reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 27.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,843 shares of the conglomerate’s stock after selling 3,328 shares during the period. Aristotle Capital Boston LLC’s holdings in Carlisle Companies were worth $2,909,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CSL. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Oppenheimer lifted their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. William Blair initiated coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Four investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $399.17.

Insider Activity

In other news, 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 sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This represents a 44.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the transaction, the insider directly owned 8,540 shares of the company’s stock, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 over the last three months. Company insiders own 1.40% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $341.13 on Monday. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The firm’s fifty day moving average is $372.70 and its 200 day moving average is $347.20. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.09 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $4.47 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio is currently 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.