Carlisle Companies Incorporated $CSL Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 475,632 shares of the conglomerate’s stock after selling 33,334 shares during the quarter. Carlisle Companies makes up 1.7% of Madison Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Madison Asset Management LLC owned about 1.14% of Carlisle Companies worth $152,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Torren Management LLC acquired a new position in Carlisle Companies in the fourth quarter valued at approximately $33,000. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies during the second quarter worth approximately $36,000. SBI Securities Co. Ltd. lifted its position in shares of Carlisle Companies by 43.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after buying an additional 34 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at $38,000. Finally, LRI Investments LLC purchased a new stake in shares of Carlisle Companies in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CSL shares. William Blair reiterated a “market perform” rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. JPMorgan Chase & Co. boosted their price objective on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Raymond James Financial assumed coverage on shares of Carlisle Companies in a report on Monday, April 27th. They issued an “outperform” rating and a $425.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Finally, Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $405.00.

Carlisle Companies Price Performance

NYSE:CSL opened at $351.53 on Wednesday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.88. The company’s 50-day moving average is $350.34 and its two-hundred day moving average is $347.16. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.32. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.61 earnings per share. Research analysts expect that Carlisle Companies Incorporated will post 21.13 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid 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 presently 25.87%.

Insiders Place Their Bets

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider owned 8,540 shares of the company’s stock, valued at $3,564,254.40. This represents a 41.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

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.