Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by American International Group Inc.

American International Group Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,757 shares of the conglomerate’s stock after selling 4,572 shares during the period. American International Group Inc. owned approximately 0.14% of Carlisle Companies worth $20,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Morgan Stanley lifted its stake in Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after purchasing an additional 90,597 shares during the last quarter. FMR LLC lifted its stake in Carlisle Companies by 1.5% during the third quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock valued at $215,096,000 after purchasing an additional 12,552 shares during the last quarter. Norges Bank acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $159,187,000. Pacer Advisors Inc. lifted its stake in Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after purchasing an additional 413,691 shares during the last quarter. Finally, Madison Asset Management LLC raised its holdings in shares of Carlisle Companies by 2.9% during the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock valued at $125,449,000 after acquiring an additional 11,464 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 2.0 %

Carlisle Companies stock traded down $8.29 during trading hours on Friday, hitting $405.30. The company had a trading volume of 293,877 shares, compared to its average volume of 302,961. The firm has a market capitalization of $19.29 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The firm’s fifty day moving average is $401.81 and its 200-day moving average is $355.56. Carlisle Companies Incorporated has a fifty-two week low of $235.58 and a fifty-two week high of $430.21.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.98. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, research analysts forecast that Carlisle Companies Incorporated will post 19.92 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, May 17th. Carlisle Companies’s dividend payout ratio is 19.71%.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer boosted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Loop Capital boosted their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.00.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The disclosure for this sale can be found here. Insiders sold 58,059 shares of company stock valued at $24,334,065 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.