Carlisle Companies Incorporated $CSL Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 99.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106 shares of the conglomerate’s stock after selling 10,709 shares during the quarter. Shell Asset Management Co.’s holdings in Carlisle Companies were worth $35,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after buying an additional 558,710 shares in the last quarter. Sands Capital Management LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at about $159,203,000. JPMorgan Chase & Co. lifted its holdings in Carlisle Companies by 33.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares during the last quarter. Norges Bank bought a new position in shares of Carlisle Companies during the 2nd quarter valued at about $128,856,000. Finally, Lazard Asset Management LLC grew its stake in shares of Carlisle Companies by 464.2% in the 2nd quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock worth $67,543,000 after purchasing an additional 148,829 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $400.18 on Tuesday. The company’s fifty day moving average is $359.91 and its two-hundred day moving average is $348.33. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The company has a market cap of $16.36 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $4.47 earnings per share. Carlisle Companies’s revenue was up .4% compared to the same quarter last year. Equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.72%.

Insiders Place Their Bets

In related news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer directly owned 30,094 shares in the company, valued at $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

CSL has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research report on Wednesday, February 4th. Truist Financial decreased their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. William Blair started coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.