Arkadios Wealth Advisors Sells 234 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Arkadios Wealth Advisors decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 17.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,087 shares of the conglomerate’s stock after selling 234 shares during the period. Arkadios Wealth Advisors’ holdings in Carlisle Companies were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CSL. Whittier Trust Co. raised its stake in Carlisle Companies by 26.3% in the second quarter. Whittier Trust Co. now owns 226 shares of the conglomerate’s stock valued at $92,000 after buying an additional 47 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Carlisle Companies by 1,241.0% in the second quarter. AustralianSuper Pty Ltd now owns 17,352 shares of the conglomerate’s stock worth $7,031,000 after buying an additional 16,058 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Carlisle Companies during the second quarter worth $222,000. MTM Investment Management LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth $203,000. Finally, TFG Advisers LLC grew its holdings in shares of Carlisle Companies by 7.7% during the second quarter. TFG Advisers LLC now owns 1,277 shares of the conglomerate’s stock valued at $517,000 after buying an additional 91 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CSL. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird upped their target price on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $423.00.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded up $5.45 during trading on Friday, reaching $418.96. 19,054 shares of the company traded hands, compared to its average volume of 325,607. The stock has a market cap of $19.94 billion, a P/E ratio of 23.99, a PEG ratio of 1.31 and a beta of 0.90. The firm’s fifty day simple moving average is $410.59 and its 200 day simple moving average is $395.44. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $443.87.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $5.18 earnings per share. Carlisle Companies’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be paid a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, August 20th. Carlisle Companies’s payout ratio is currently 23.19%.

Insider Buying and Selling

In other Carlisle Companies 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 completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Carlisle Companies 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.