Carlisle Companies Incorporated $CSL Shares Sold by Victory Capital Management Inc.

Key Points

• Victory Capital Management trimmed its Carlisle stake by 9.1%, selling 8,924 shares and ending the quarter with 89,175 shares worth about $29.3 million.
• Significant insider selling occurred recently: CEO D. Christian Koch sold 36,260 shares for roughly $15.0 million and the VP sold 1,800 shares, with insiders offloading 68,289 shares (~$28.1M) over the past three months.
• Carlisle reported an earnings beat (Q EPS $3.90 vs. $3.60) on $1.13B revenue, has a $14.51B market cap and P/E of 20.74, pays a $1.10 quarterly dividend (1.2% yield), and carries a consensus "Hold" rating (avg. target $395.83).

Victory Capital Management Inc. cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 9.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,175 shares of the conglomerate's stock after selling 8,924 shares during the quarter. Victory Capital Management Inc. owned 0.21% of Carlisle Companies worth $29,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CSL. Goldman Sachs Group Inc. increased its stake in shares of Carlisle Companies by 36.9% in the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate's stock worth $35,912,000 after acquiring an additional 28,414 shares during the period. Atria Investments Inc lifted its position in Carlisle Companies by 19.1% during the second quarter. Atria Investments Inc now owns 2,074 shares of the conglomerate's stock valued at $774,000 after purchasing an additional 333 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Carlisle Companies in the second quarter valued at $316,000. Resona Asset Management Co. Ltd. grew its position in Carlisle Companies by 3.7% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 14,164 shares of the conglomerate's stock worth $5,290,000 after purchasing an additional 507 shares during the period. Finally, Savant Capital LLC grew its position in Carlisle Companies by 21.8% during the 2nd quarter. Savant Capital LLC now owns 1,807 shares of the conglomerate's stock worth $675,000 after purchasing an additional 323 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $354.90 on Monday. The company has a current ratio of 3.09, a quick ratio of 2.49 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 business's 50 day moving average is $370.23 and its two-hundred day moving average is $348.70. The company has a market capitalization of $14.51 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.13 and a beta of 0.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share 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 the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $4.47 EPS. The business's quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company 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. 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 (DPR) is 25.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSL. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research note on Wednesday, February 4th. William Blair began coverage on Carlisle Companies in a research report on Friday, January 30th. They set a "market perform" rating for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Oppenheimer boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Carlisle Companies presently has an average rating of "Hold" and an average price target of $395.83.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The stock was 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 in the company, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the 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 completion of the transaction, the chief executive officer directly owned 113,238 shares of the company's stock, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.50% of the company's stock.

About Carlisle Companies

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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