SG Americas Securities LLC Reduces Position in Carlisle Companies Incorporated (NYSE:CSL)

SG Americas Securities LLC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 83.3% in the third quarter, HoldingsChannel reports. The fund owned 1,497 shares of the conglomerate’s stock after selling 7,490 shares during the quarter. SG Americas Securities LLC’s holdings in Carlisle Companies were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its holdings in Carlisle Companies by 541.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,033 shares of the conglomerate’s stock valued at $914,000 after purchasing an additional 1,716 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $840,000. Truist Financial Corp increased its holdings in Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock worth $135,438,000 after acquiring an additional 2,545 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Carlisle Companies by 12.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,620 shares of the conglomerate’s stock worth $1,467,000 after acquiring an additional 407 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $608,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 2.3 %

Shares of CSL stock opened at $470.25 on Monday. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $471.49. The stock’s 50-day moving average price is $420.05 and its 200-day moving average price is $411.57.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data 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. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.18 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Analyst Ratings Changes

Several analysts have recently commented on CSL shares. Robert W. Baird raised their price objective on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $468.75.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.