Carlisle Companies Incorporated $CSL Shares Sold by Bokf Na

Key Points

• Bokf Na cut its stake in Carlisle Companies by 67.4% in the fourth quarter, while institutional ownership remains high at 89.52%.
• Carlisle reported Q1 EPS of $3.63, topping analyst expectations, though revenue came in below estimates at $1.05 billion and declined 4.0% year over year.
• The company announced a quarterly dividend of $1.10 per share, payable June 1, and analysts currently have a consensus Hold rating with an average target price of $405.

Bokf Na reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 67.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,317 shares of the conglomerate's stock after selling 6,861 shares during the quarter. Bokf Na's holdings in Carlisle Companies were worth $1,061,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CSL. Goldman Sachs Group Inc. raised its holdings in shares of Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate's stock valued at $35,912,000 after buying an additional 28,414 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Carlisle Companies by 8.4% during the 2nd quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate's stock valued at $952,000 after buying an additional 197 shares during the period. Jump Financial LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $1,345,000. Bank of Nova Scotia raised its holdings in shares of Carlisle Companies by 118.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate's stock valued at $615,000 after buying an additional 893 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Carlisle Companies by 40.0% during the 2nd quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate's stock valued at $43,088,000 after buying an additional 32,996 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 0.1%

NYSE:CSL opened at $360.24 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The firm has a market capitalization of $14.58 billion, a P/E ratio of 21.18, a P/E/G ratio of 1.14 and a beta of 0.88. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.58. The business has a 50 day simple moving average of $352.64 and a 200 day simple moving average of $346.64.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts predict that Carlisle Companies Incorporated will post 21.13 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $1.10 per share. The ex-dividend date is Monday, May 18th. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Carlisle Companies's payout ratio is currently 25.87%.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 36,260 shares of the business's stock in a transaction that occurred on 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 owned 113,238 shares in the company, valued at $46,810,324.44. The trade was a 24.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the transaction, the vice president owned 3,697 shares of the company's stock, valued at $1,530,742.85. This represents a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CSL. William Blair reiterated a "market perform" rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a report on Friday, March 27th. Raymond James Financial began coverage on Carlisle Companies in a report on Monday, April 27th. They set an "outperform" rating and a $425.00 target price on the stock. JPMorgan Chase & Co. raised their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an "overweight" rating in a report on Monday, March 9th. Finally, Oppenheimer raised their target price on Carlisle Companies from $420.00 to $425.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of "Hold" and an average target price of $405.00.

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.

Want to see what other hedge funds are holding CSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlisle Companies Incorporated (NYSE:CSL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.