Carlisle Companies Incorporated (NYSE:CSL) Stake Lessened by Sei Investments Co.

Sei Investments Co. cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,537 shares of the conglomerate’s stock after selling 14,438 shares during the period. Sei Investments Co.’s holdings in Carlisle Companies were worth $39,788,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Commerce Bank boosted its holdings in Carlisle Companies by 1.4% during the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after buying an additional 34 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after buying an additional 34 shares in the last quarter. Allworth Financial LP boosted its holdings in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock worth $308,000 after buying an additional 41 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Carlisle Companies by 1.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock valued at $1,511,000 after acquiring an additional 43 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CSL shares. Loop Capital upped their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Robert W. Baird upped their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Oppenheimer upped their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.00.

Insider Activity at Carlisle Companies

In related news, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $36,399,039.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David W. Smith sold 2,037 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,059 shares of company stock worth $24,334,065. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Up 0.1 %

CSL stock traded up $0.37 during midday trading on Monday, reaching $430.91. The company had a trading volume of 338,299 shares, compared to its average volume of 314,405. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $440.00. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $20.51 billion, a P/E ratio of 25.03, a PEG ratio of 1.44 and a beta of 0.90. The company has a 50 day moving average of $414.66 and a two-hundred day moving average of $373.43.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. On average, equities research analysts expect that Carlisle Companies Incorporated will post 19.93 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a $0.85 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.79%. Carlisle Companies’s payout ratio is presently 19.71%.

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.