Carlisle Companies Incorporated $CSL Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard trimmed its stake in Carlisle by 3.4% in Q4, selling 144,923 shares and now holding 4,158,194 shares — about 9.95% of the company worth roughly $1.33 billion.
• Company insiders have been net sellers: CEO D. Christian Koch sold 36,260 shares (~$14.99M), and insiders sold a total of 68,289 shares (~$28.13M) in the last quarter, leaving insiders with about 1.3% ownership.
• Carlisle beat EPS expectations ($3.63 vs. $3.31) but missed revenue ($1.05B vs. $1.45B est.), announced a quarterly dividend of $1.10 (annual $4.40, ~1.2% yield), and carries a consensus analyst rating of “Hold” with a $405 target.

Vanguard Group Inc. lowered its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,158,194 shares of the conglomerate's stock after selling 144,923 shares during the quarter. Vanguard Group Inc. owned approximately 9.95% of Carlisle Companies worth $1,330,040,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSL. Resonant Capital Advisors LLC raised its holdings in shares of Carlisle Companies by 7.9% in the 4th quarter. Resonant Capital Advisors LLC now owns 1,044 shares of the conglomerate's stock valued at $334,000 after purchasing an additional 76 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Carlisle Companies by 94.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,754 shares of the conglomerate's stock worth $881,000 after purchasing an additional 1,336 shares in the last quarter. Field & Main Bank purchased a new position in Carlisle Companies in the fourth quarter valued at $48,000. B. Metzler seel. Sohn & Co. AG raised its stake in Carlisle Companies by 7.1% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 1,320 shares of the conglomerate's stock valued at $422,000 after buying an additional 88 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Carlisle Companies by 6,717.9% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 101,177 shares of the conglomerate's stock valued at $35,017,000 after buying an additional 99,693 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. The trade was 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 this hyperlink. Also, VP David W. Smith sold 1,800 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the sale, the vice president directly owned 3,697 shares of the company's stock, valued at $1,530,742.85. The trade was a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 68,289 shares of company stock worth $28,125,467 in the last quarter. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CSL shares. Oppenheimer upped their price objective on Carlisle Companies from $420.00 to $425.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Truist Financial boosted their target price on Carlisle Companies from $340.00 to $360.00 and gave the stock a "hold" rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlisle Companies in a report on Friday, March 27th. Zacks Research raised shares of Carlisle Companies from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. Finally, Robert W. Baird boosted their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $405.00.

Carlisle Companies Stock Up 2.6%

Carlisle Companies stock opened at $355.60 on Friday. The company has a market capitalization of $14.39 billion, a P/E ratio of 20.91, a PEG ratio of 1.10 and a beta of 0.95. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.49 and a current ratio of 3.38. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The stock has a 50-day simple moving average of $355.16 and a 200-day simple moving average of $345.56.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.32. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.61 EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 21.05 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies's payout ratio is presently 25.87%.

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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