Baillie Gifford & Co. Reduces Stock Position in Carlisle Companies Incorporated $CSL

Key Points

• Baillie Gifford cut its stake by 19.0% in the fourth quarter, selling 5,384 shares and leaving it with 22,884 shares of Carlisle (worth about $7.32 million); institutional investors now own roughly 89.5% of the stock.
• Significant insider selling: CEO D. Christian Koch sold 36,260 shares for about $14.99 million and Stephen Schwar sold 6,049 shares, with insiders netting 68,289 shares sold (~$28.13 million) over the past 90 days and now owning 1.3%.
• Operational and analyst backdrop: Carlisle beat Q4 EPS estimates ($3.90 vs. $3.60) and marginally topped revenue expectations, while analysts hold a consensus Hold rating with a $399.17 target—Oppenheimer is more bullish, raising its target to $435 and rating it Outperform.

Baillie Gifford & Co. reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 19.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,884 shares of the conglomerate's stock after selling 5,384 shares during the period. Baillie Gifford & Co. owned approximately 0.05% of Carlisle Companies worth $7,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bridges Investment Management Inc. grew its stake in shares of Carlisle Companies by 221.3% in the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate's stock worth $48,721,000 after buying an additional 102,014 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate's stock worth $74,847,000 after purchasing an additional 8,701 shares during the period. Citigroup Inc. boosted its holdings in shares of Carlisle Companies by 51.8% in the 3rd quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate's stock worth $9,321,000 after purchasing an additional 9,673 shares during the period. Impact Partnership Wealth LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $540,000. Finally, M&G PLC purchased a new position in shares of Carlisle Companies in the 3rd quarter worth approximately $11,913,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the company's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the sale, the insider directly owned 8,540 shares in the company, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 36,260 shares of the company's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer owned 113,238 shares of the company's stock, valued at $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 a total of 68,289 shares of company stock valued at $28,125,467 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on CSL shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a report on Friday, March 27th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday, February 4th. Oppenheimer lifted their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Zacks Research raised shares of Carlisle Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, March 16th. Finally, William Blair reaffirmed a "market perform" rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $399.17.

Carlisle Companies Price Performance

Shares of CSL stock opened at $356.47 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The company has a market capitalization of $14.57 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.12 and a beta of 0.95. The company's 50-day simple moving average is $367.48 and its two-hundred day simple moving average is $343.21. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping analysts' consensus estimates of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.47 EPS. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies's dividend payout ratio is currently 25.72%.

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.

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