Watchman Group Inc. Sells 282 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Watchman Group Inc. trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,352 shares of the conglomerate’s stock after selling 282 shares during the quarter. Watchman Group Inc.’s holdings in Carlisle Companies were worth $3,818,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC increased its stake in Carlisle Companies by 49.0% during the 3rd quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock valued at $3,126,000 after purchasing an additional 2,285 shares in the last quarter. Private Trust Co. NA raised its holdings in Carlisle Companies by 291.2% in the 3rd quarter. Private Trust Co. NA now owns 223 shares of the conglomerate’s stock worth $100,000 after acquiring an additional 166 shares during the last quarter. FMR LLC increased its holdings in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Carlisle Companies in the third quarter worth $226,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Carlisle Companies by 21.1% during the third quarter. BNP Paribas Financial Markets now owns 22,042 shares of the conglomerate’s stock valued at $9,913,000 after purchasing an additional 3,845 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

NYSE CSL opened at $342.90 on Friday. The business’s fifty day moving average is $355.43 and its 200 day moving average is $401.52. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a market capitalization of $15.14 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the firm posted $4.17 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CSL shares. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Loop Capital dropped their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.