Aberdeen Group plc Sells 9,060 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Aberdeen Group plc cut its stake in Carlisle by 42.4%, selling 9,060 shares and leaving 12,315 shares worth about $3.94 million.
• Carlisle beat quarterly estimates with EPS of $3.90 (vs. $3.60) and revenue of $1.13 billion (vs. $1.11 billion); the company has a market cap of ~$14.1 billion, a P/E of 20.1, and pays a $1.10 quarterly dividend ($4.40 annual, ~1.3% yield).
• Insiders have been net sellers—CFO and CEO sold large blocks on Feb. 10 (total insider sales of 68,289 shares worth ~$28.1 million in the past 90 days)—while institutional ownership stands at ~89.5% and analysts hold a consensus "Hold" with an average target near $399.

Aberdeen Group plc cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 42.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,315 shares of the conglomerate's stock after selling 9,060 shares during the period. Aberdeen Group plc's holdings in Carlisle Companies were worth $3,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Bank of New York Mellon Corp lifted its position 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 acquiring an additional 558,710 shares during the last quarter. Barclays PLC lifted its position in Carlisle Companies by 947.3% during the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate's stock valued at $164,263,000 after acquiring an additional 451,662 shares during the last quarter. Sands Capital Management LLC lifted its position in Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate's stock valued at $279,452,000 after acquiring an additional 423,141 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Carlisle Companies during the fourth quarter valued at approximately $76,626,000. Finally, Captrust Financial Advisors lifted its position in Carlisle Companies by 126.7% during the third quarter. Captrust Financial Advisors now owns 296,937 shares of the conglomerate's stock valued at $97,680,000 after acquiring an additional 165,949 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Up 3.7%

Shares of NYSE CSL opened at $343.85 on Thursday. The company's 50-day simple moving average is $366.88 and its 200-day simple moving average is $342.75. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. 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 (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $4.47 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a $1.10 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. Carlisle Companies's dividend payout ratio (DPR) is 25.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. Oppenheimer raised their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. William Blair reaffirmed a "market perform" rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Zacks Research raised shares of Carlisle Companies from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an "overweight" rating in a report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $399.17.

Insider Activity at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the transaction, the chief financial officer directly owned 30,094 shares of the company's stock, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO D Christian Koch sold 36,260 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,289 shares of company stock worth $28,125,467 in the last ninety days. 1.50% of the stock is owned by company insiders.

Carlisle Companies Company 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.

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