Andra AP fonden Sells 11,400 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Andra AP fonden lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 32.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,100 shares of the conglomerate’s stock after selling 11,400 shares during the period. Andra AP fonden owned approximately 0.05% of Carlisle Companies worth $9,766,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Private Advisor Group LLC bought a new position in Carlisle Companies during the 4th quarter valued at approximately $238,000. Apollon Wealth Management LLC bought a new position in Carlisle Companies during the 4th quarter valued at approximately $217,000. Principal Securities Inc. purchased a new stake in Carlisle Companies during the 4th quarter valued at $32,000. BNP Paribas Financial Markets boosted its stake in Carlisle Companies by 49.3% during the 4th quarter. BNP Paribas Financial Markets now owns 12,150 shares of the conglomerate’s stock valued at $3,796,000 after purchasing an additional 4,012 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Carlisle Companies during the 4th quarter valued at $286,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL stock opened at $397.00 on Wednesday. The company has a market cap of $18.90 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The stock’s fifty day moving average price is $409.79 and its 200-day moving average price is $399.43.

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

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 1.01%. Carlisle Companies’s payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Robert W. Baird increased their target price on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $433.00.

Insider Activity 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 stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies Company 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.