Aberdeen Group plc Has $7.14 Million Stock Position in Carlisle Companies Incorporated $CSL

Aberdeen Group plc lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 77.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,375 shares of the conglomerate’s stock after selling 71,711 shares during the period. Aberdeen Group plc’s holdings in Carlisle Companies were worth $7,140,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC acquired a new position in Carlisle Companies during the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its position in shares of Carlisle Companies by 527.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 69 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Traub Capital Management LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake 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 purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CSL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. William Blair assumed coverage on Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating for the company. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Truist Financial reduced their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $392.50.

Carlisle Companies Stock Performance

CSL opened at $408.77 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.62. The business has a fifty day simple moving average of $358.54 and a 200 day simple moving average of $348.16. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a market capitalization of $16.71 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

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, 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 firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $4.47 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

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

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 1,800 shares of the stock in a transaction that occurred on 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 $1,530,742.85. This represents a 32.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer 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. Over the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. 1.50% of the stock is currently owned by company insiders.

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.