River Road Asset Management LLC Cuts Position in Carlisle Companies Incorporated (NYSE:CSL)

River Road Asset Management LLC lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 43.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 115,495 shares of the conglomerate's stock after selling 88,099 shares during the quarter. River Road Asset Management LLC owned approximately 0.24% of Carlisle Companies worth $36,084,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Birch Hill Investment Advisors LLC grew its position in shares of Carlisle Companies by 50.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate's stock worth $4,491,000 after buying an additional 4,820 shares during the period. Banco Santander S.A. bought a new position in shares of Carlisle Companies in the 3rd quarter worth $341,000. Exchange Traded Concepts LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth $1,093,000. Pacer Advisors Inc. lifted its holdings in shares of Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate's stock worth $131,665,000 after purchasing an additional 413,691 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its holdings in shares of Carlisle Companies by 63.6% in the 3rd quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate's stock worth $817,000 after purchasing an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $5.48 during mid-day trading on Wednesday, reaching $368.76. 254,936 shares of the company's stock were exchanged, compared to its average volume of 274,461. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93. Carlisle Companies Incorporated has a 52 week low of $205.10 and a 52 week high of $403.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The firm has a 50-day moving average price of $367.36 and a two-hundred day moving average price of $314.67.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.70. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.92 EPS. Analysts predict that Carlisle Companies Incorporated will post 18.7 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies's dividend payout ratio (DPR) is currently 22.31%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Oppenheimer increased their target price on Carlisle Companies from $355.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, March 20th. Robert W. Baird raised their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Tuesday, April 9th. Loop Capital raised their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research note on Monday, April 1st. The Goldman Sachs Group started coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price objective on the stock. Finally, StockNews.com upgraded Carlisle Companies from a "hold" rating to a "buy" rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $389.17.

Insider Buying and Selling

In related news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company's stock, valued at approximately $959,422.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company's stock, valued at approximately $959,422.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares of the company's stock, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is owned by insiders.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.