Gulf International Bank UK Ltd Sells 50 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Gulf International Bank UK Ltd trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.2% in the second quarter, HoldingsChannel reports. The firm owned 4,179 shares of the conglomerate’s stock after selling 50 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Carlisle Companies were worth $1,693,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. CWM LLC raised its stake in shares of Carlisle Companies by 1.6% in the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after buying an additional 38 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Carlisle Companies by 292.7% during the second quarter. Harbor Capital Advisors Inc. now owns 2,619 shares of the conglomerate’s stock valued at $1,061,000 after purchasing an additional 1,952 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Carlisle Companies during the second quarter worth about $32,000. DNB Asset Management AS increased its stake in shares of Carlisle Companies by 1.1% in the second quarter. DNB Asset Management AS now owns 11,915 shares of the conglomerate’s stock worth $4,828,000 after purchasing an additional 131 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Carlisle Companies by 43.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 317 shares of the conglomerate’s stock valued at $128,000 after purchasing an additional 96 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.9 %

CSL traded up $7.04 on Thursday, hitting $383.54. 74,248 shares of the company were exchanged, compared to its average volume of 330,590. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87. The firm has a fifty day simple moving average of $412.91 and a two-hundred day simple moving average of $386.34. The stock has a market capitalization of $18.26 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping the consensus estimate of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.18 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be given a dividend of $1.00 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 1.04%. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

Several research firms recently commented on CSL. Robert W. Baird raised their price objective on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Oppenheimer increased their price objective on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $423.00.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,997 shares of company stock worth $32,458,948. 1.50% of the stock is currently owned by insiders.

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.