Wright Investors Service Inc. Sells 1,368 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Wright Investors Service Inc. decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 44.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,690 shares of the conglomerate’s stock after selling 1,368 shares during the period. Wright Investors Service Inc.’s holdings in Carlisle Companies were worth $528,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of Carlisle Companies by 17.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,630 shares of the conglomerate’s stock valued at $2,696,000 after acquiring an additional 1,280 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at approximately $205,000. Lecap Asset Management Ltd. bought a new stake in Carlisle Companies in the fourth quarter worth $1,141,000. Louisiana State Employees Retirement System purchased a new position in Carlisle Companies during the fourth quarter worth $4,280,000. Finally, WCM Investment Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at $214,000. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Oppenheimer lifted their price target on shares of Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Loop Capital boosted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird increased their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $390.33.

Insider Buying and Selling at Carlisle Companies

In related news, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the sale, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Trading Down 0.4 %

NYSE:CSL opened at $367.53 on Friday. The firm has a 50-day simple moving average of $367.86 and a 200-day simple moving average of $315.04. Carlisle Companies Incorporated has a one year low of $205.10 and a one year high of $403.44. The firm has a market cap of $17.57 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $3.92 earnings per share. Carlisle Companies’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Carlisle Companies Incorporated will post 18.7 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.93%. Carlisle Companies’s dividend payout ratio is currently 22.31%.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.