Vest Financial LLC Has $2.83 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Vest Financial LLC lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,837 shares of the conglomerate’s stock after selling 22,707 shares during the quarter. Vest Financial LLC’s holdings in Carlisle Companies were worth $2,827,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CSL. Goldman Sachs Group Inc. grew its position in 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 in the last quarter. Baird Financial Group Inc. grew its position in Carlisle Companies by 8.4% in the second quarter. Baird Financial Group Inc. now owns 2,549 shares of the conglomerate’s stock worth $952,000 after acquiring an additional 197 shares in the last quarter. Jump Financial LLC bought a new stake in Carlisle Companies in the second quarter worth approximately $1,345,000. Bank of Nova Scotia grew its position in Carlisle Companies by 118.6% in the second quarter. Bank of Nova Scotia now owns 1,646 shares of the conglomerate’s stock worth $615,000 after acquiring an additional 893 shares in the last quarter. Finally, Sei Investments Co. grew its position in Carlisle Companies by 40.0% in the second quarter. Sei Investments Co. now owns 115,396 shares of the conglomerate’s stock worth $43,088,000 after acquiring an additional 32,996 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE:CSL opened at $346.18 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.49. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a fifty day moving average price of $356.20 and a 200 day moving average price of $345.49. The stock has a market cap of $14.01 billion, a P/E ratio of 20.35, a PEG ratio of 1.15 and a beta of 0.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $3.61 EPS. The business’s revenue was down 4.0% on a year-over-year basis. Analysts anticipate that Carlisle Companies Incorporated will post 20.99 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s payout ratio is 25.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on CSL. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a research note on Monday. They issued an “outperform” rating and a $425.00 target price on the stock. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $405.00.

Insider Buying and Selling at Carlisle Companies

In related news, CEO D Christian Koch sold 36,260 shares of the stock in a transaction dated 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 owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the sale, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 over the last quarter. 1.30% of the stock is currently owned by insiders.

Carlisle Companies Profile

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.