Cramer Rosenthal Mcglynn LLC Sells 202,228 Shares of Carlisle Companies, Inc. (NYSE:CSL)

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Cramer Rosenthal Mcglynn LLC cut its holdings in Carlisle Companies, Inc. (NYSE:CSL) by 22.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 715,361 shares of the conglomerate’s stock after selling 202,228 shares during the period. Carlisle Companies comprises approximately 2.8% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 2nd biggest holding. Cramer Rosenthal Mcglynn LLC owned approximately 1.26% of Carlisle Companies worth $100,444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fayez Sarofim & Co acquired a new stake in shares of Carlisle Companies in the second quarter valued at approximately $217,000. First Hawaiian Bank boosted its position in Carlisle Companies by 256.4% during the second quarter. First Hawaiian Bank now owns 9,223 shares of the conglomerate’s stock worth $1,295,000 after purchasing an additional 6,635 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Carlisle Companies by 3.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 82,935 shares of the conglomerate’s stock worth $11,645,000 after purchasing an additional 3,133 shares during the period. Allianz Asset Management GmbH boosted its position in Carlisle Companies by 89.7% during the second quarter. Allianz Asset Management GmbH now owns 85,278 shares of the conglomerate’s stock worth $11,974,000 after purchasing an additional 40,320 shares during the period. Finally, Jag Capital Management LLC bought a new position in Carlisle Companies during the second quarter worth $14,455,000. Institutional investors own 88.26% of the company’s stock.

CSL has been the subject of a number of research analyst reports. ValuEngine cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Oppenheimer lifted their price objective on shares of Carlisle Companies from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Buckingham Research cut shares of Carlisle Companies from a “buy” rating to a “neutral” rating and set a $148.00 price objective for the company. in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $142.13.

In other news, Director David A. Roberts sold 28,571 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $137.74, for a total value of $3,935,369.54. Following the completion of the sale, the director now owns 88,397 shares of the company’s stock, valued at $12,175,802.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Douglas Charles Taylor bought 697 shares of Carlisle Companies stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $147.27 per share, with a total value of $102,647.19. Following the transaction, the vice president now owns 6,221 shares of the company’s stock, valued at approximately $916,166.67. The disclosure for this purchase can be found here. Insiders own 1.70% of the company’s stock.

Shares of Carlisle Companies stock traded up $1.59 during trading on Friday, reaching $149.00. The company’s stock had a trading volume of 45,256 shares, compared to its average volume of 343,284. The business’s 50-day moving average price is $141.29 and its 200-day moving average price is $134.14. The firm has a market cap of $7.99 billion, a PE ratio of 23.95, a P/E/G ratio of 1.15 and a beta of 1.01. Carlisle Companies, Inc. has a 52 week low of $92.16 and a 52 week high of $147.86. The company has a quick ratio of 2.18, a current ratio of 2.96 and a debt-to-equity ratio of 0.62.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, July 23rd. The conglomerate reported $2.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.26. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Carlisle Companies had a net margin of 9.04% and a return on equity of 16.52%. Carlisle Companies’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.87 earnings per share. Equities analysts predict that Carlisle Companies, Inc. will post 8.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Monday, August 19th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.40. Carlisle Companies’s payout ratio is presently 32.15%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

Further Reading: Penny Stocks

Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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