Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 601,714 shares of the conglomerate’s stock after selling 74,746 shares during the period. Dimensional Fund Advisors LP owned 1.26% of Carlisle Companies worth $243,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd increased its stake in shares of Carlisle Companies by 665.9% during the 2nd quarter. Plato Investment Management Ltd now owns 1,754 shares of the conglomerate’s stock worth $711,000 after purchasing an additional 1,525 shares in the last quarter. Inspire Advisors LLC raised its holdings in shares of Carlisle Companies by 2.4% in the second quarter. Inspire Advisors LLC now owns 2,435 shares of the conglomerate’s stock worth $987,000 after acquiring an additional 58 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Carlisle Companies by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after acquiring an additional 4,017 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Carlisle Companies during the second quarter valued at $1,054,000. Finally, Federated Hermes Inc. increased its position in Carlisle Companies by 17.1% during the 2nd quarter. Federated Hermes Inc. now owns 6,749 shares of the conglomerate’s stock worth $2,735,000 after purchasing an additional 988 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSL shares. Oppenheimer restated an “outperform” rating and issued a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird boosted their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $433.00.

Carlisle Companies Trading Up 1.2 %

Shares of CSL stock opened at $425.32 on Thursday. The firm’s 50-day simple moving average is $410.03 and its 200-day simple moving average is $401.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $443.87. The firm has a market cap of $20.25 billion, a P/E ratio of 24.66, a PEG ratio of 1.30 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm posted $5.18 earnings per share. Carlisle Companies’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.

Insiders Place Their Bets

In other news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is currently 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.