Baird Financial Group Inc. Decreases Position in Carlisle Companies Incorporated (NYSE:CSL)

Baird Financial Group Inc. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSLGet Rating) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,600 shares of the conglomerate’s stock after selling 466 shares during the period. Baird Financial Group Inc.’s holdings in Carlisle Companies were worth $1,141,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Trust Co. of Vermont acquired a new position in Carlisle Companies during the fourth quarter worth about $25,000. National Bank of Canada FI purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $45,000. First Horizon Advisors Inc. increased its holdings in shares of Carlisle Companies by 650.8% in the third quarter. First Horizon Advisors Inc. now owns 931 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 807 shares during the last quarter. Wilen Investment Management CORP. purchased a new position in Carlisle Companies during the third quarter worth approximately $84,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Carlisle Companies by 66.7% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the conglomerate’s stock worth $99,000 after buying an additional 200 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.

In other news, VP Douglas Charles Taylor sold 13,070 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of $235.73, for a total value of $3,080,991.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John E. Berlin sold 6,192 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $236.94, for a total value of $1,467,132.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Carlisle Companies stock opened at $245.65 on Friday. The company has a market capitalization of $12.70 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 0.89 and a beta of 0.99. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.26 and a current ratio of 1.88. Carlisle Companies Incorporated has a fifty-two week low of $178.73 and a fifty-two week high of $275.13. The firm has a 50 day moving average price of $246.38 and a 200 day moving average price of $238.34.

Carlisle Companies (NYSE:CSLGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The conglomerate reported $4.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $1.72. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Carlisle Companies had a return on equity of 25.49% and a net margin of 10.49%. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 15.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, May 17th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, May 16th. Carlisle Companies’s dividend payout ratio is currently 20.36%.

CSL has been the topic of several analyst reports. StockNews.com began coverage on Carlisle Companies in a report on Thursday, March 31st. They set a “hold” rating on the stock. Oppenheimer increased their price target on shares of Carlisle Companies from $300.00 to $315.00 in a research note on Friday, April 29th. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $306.00 price target for the company in a report on Wednesday, May 4th. BMO Capital Markets increased their price objective on Carlisle Companies from $260.00 to $290.00 in a research report on Tuesday, February 15th. Finally, Credit Suisse Group raised their target price on Carlisle Companies from $275.00 to $300.00 in a research note on Monday, May 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $295.86.

Carlisle Companies Company Profile (Get Rating)

Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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