Wedge Capital Management L L P NC Reduces Position in Carlisle Companies Incorporated (NYSE:CSL)

Wedge Capital Management L L P NC lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,924 shares of the conglomerate's stock after selling 22,673 shares during the quarter. Wedge Capital Management L L P NC owned 0.14% of Carlisle Companies worth $20,597,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Carlisle Companies in the fourth quarter valued at $40,000. Signaturefd LLC increased its holdings in shares of Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate's stock valued at $51,000 after purchasing an additional 44 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Carlisle Companies in the fourth quarter valued at $53,000. Finally, Tobam acquired a new position in shares of Carlisle Companies in the fourth quarter valued at $59,000. Institutional investors own 89.52% of the company's stock.

Insider Activity

In other news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now directly owns 5,212 shares of the company's stock, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Insiders sold 15,255 shares of company stock worth $5,231,360 in the last quarter. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Trading Up 0.9 %

Carlisle Companies stock traded up $3.21 during mid-day trading on Monday, hitting $370.62. 166,275 shares of the stock were exchanged, compared to its average volume of 271,962. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44. The firm's fifty day simple moving average is $368.69 and its two-hundred day simple moving average is $317.51. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.31 and a beta of 0.93.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The company's revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.92 EPS. Analysts forecast that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSL. Oppenheimer raised their price target on shares of Carlisle Companies from $405.00 to $412.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com upgraded shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. Robert W. Baird lifted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 9th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a "buy" rating and a $455.00 target price on the stock. Finally, Loop Capital lifted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $390.33.

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.