Advisors Asset Management Inc. Cuts Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Advisors Asset Management Inc. decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,881 shares of the conglomerate’s stock after selling 588 shares during the quarter. Advisors Asset Management Inc.’s holdings in Carlisle Companies were worth $4,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CSL. OneDigital Investment Advisors LLC purchased a new stake in shares of Carlisle Companies during the third quarter valued at approximately $521,000. CIBC Asset Management Inc boosted its holdings in Carlisle Companies by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,394 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 45 shares during the last quarter. Caprock Group LLC purchased a new stake in Carlisle Companies in the third quarter worth approximately $355,000. Commerce Bank boosted its holdings in Carlisle Companies by 23.1% in the third quarter. Commerce Bank now owns 10,847 shares of the conglomerate’s stock worth $4,878,000 after purchasing an additional 2,034 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Carlisle Companies by 558.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 23,480 shares of the conglomerate’s stock worth $10,560,000 after purchasing an additional 19,916 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 2.4 %

CSL opened at $339.81 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 1-year low of $321.93 and a 1-year high of $481.26. The company has a market capitalization of $15.14 billion, a PE ratio of 12.30, a PEG ratio of 1.03 and a beta of 0.99. The firm’s 50 day simple moving average is $360.12 and its two-hundred day simple moving average is $403.95.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the prior year, the firm earned $4.17 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.18%. Carlisle Companies’s payout ratio is 14.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CSL shares. Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Activity

In other news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.