Hillsdale Investment Management Inc. Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Hillsdale Investment Management Inc. reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,440 shares of the conglomerate’s stock after selling 400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Carlisle Companies were worth $531,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CSL. Citigroup Inc. raised its stake in shares of Carlisle Companies by 12.9% in the third quarter. Citigroup Inc. now owns 43,443 shares of the conglomerate’s stock valued at $19,538,000 after acquiring an additional 4,980 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Carlisle Companies in the 3rd quarter valued at about $631,000. Cerity Partners LLC boosted its stake in shares of Carlisle Companies by 49.0% in the 3rd quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock valued at $3,126,000 after buying an additional 2,285 shares during the period. Larson Financial Group LLC grew its position in shares of Carlisle Companies by 123.6% during the third quarter. Larson Financial Group LLC now owns 635 shares of the conglomerate’s stock worth $286,000 after buying an additional 351 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Carlisle Companies by 6.6% during the third quarter. Daiwa Securities Group Inc. now owns 19,355 shares of the conglomerate’s stock worth $8,705,000 after buying an additional 1,200 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Carlisle Companies Stock Performance

NYSE CSL opened at $348.88 on Tuesday. The company has a fifty day moving average of $358.97 and a two-hundred day moving average of $402.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. 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 $15.40 billion, a PE ratio of 12.63, a P/E/G ratio of 1.03 and a beta of 0.99.

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

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.15%. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

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.