Ameritas Investment Partners Inc. Lowers Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Ameritas Investment Partners Inc. reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,912 shares of the conglomerate’s stock after selling 614 shares during the period. Ameritas Investment Partners Inc.’s holdings in Carlisle Companies were worth $7,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies in the 2nd quarter worth about $32,000. ORG Partners LLC purchased a new position in Carlisle Companies in the second quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC acquired a new position in Carlisle Companies during the second quarter valued at approximately $39,000. V Square Quantitative Management LLC purchased a new stake in Carlisle Companies during the fourth quarter worth approximately $31,000. Finally, Principal Securities Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter worth $32,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

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

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $437.02 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87. The business has a 50 day moving average price of $410.45 and a two-hundred day moving average price of $402.04. The firm has a market cap of $20.80 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm earned $5.18 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s payout ratio is 23.19%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer restated an “outperform” rating and set a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Finally, Robert W. Baird upped their target price on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.

About Carlisle Companies

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.