Candriam S.C.A. Sells 43,228 Shares of Carlisle Companies Incorporated $CSL

Candriam S.C.A. reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 76.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,083 shares of the conglomerate’s stock after selling 43,228 shares during the quarter. Candriam S.C.A.’s holdings in Carlisle Companies were worth $4,304,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CSL. Vermillion & White Wealth Management Group LLC grew its stake in shares of Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after acquiring an additional 32 shares in the last quarter. Blue Trust Inc. grew its position in Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock worth $223,000 after purchasing an additional 32 shares in the last quarter. DNB Asset Management AS increased its stake in Carlisle Companies by 0.3% in the 2nd quarter. DNB Asset Management AS now owns 12,255 shares of the conglomerate’s stock valued at $4,576,000 after buying an additional 33 shares during the last quarter. MAI Capital Management lifted its position in shares of Carlisle Companies by 26.6% during the 2nd quarter. MAI Capital Management now owns 157 shares of the conglomerate’s stock worth $59,000 after buying an additional 33 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after buying an additional 34 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Truist Financial reduced their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Oppenheimer lowered their target price on Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Vertical Research assumed coverage on shares of Carlisle Companies in a research report on Monday, October 20th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Four investment 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 a consensus rating of “Hold” and an average target price of $392.50.

Insiders Place Their Bets

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was 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 directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,240 shares of company stock worth $25,600,856 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 0.5%

Shares of Carlisle Companies stock opened at $418.55 on Thursday. The stock has a market capitalization of $17.49 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.32 and a beta of 0.94. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.62 and a current ratio of 3.25. The stock’s 50-day simple moving average is $346.92 and its 200 day simple moving average is $346.83.

Carlisle Companies (NYSE:CSL) last posted its 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 40.11%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $4.47 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.

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.