Thrivent Financial for Lutherans Reduces Stake in Carlisle Companies Incorporated (NYSE:CSL)

Thrivent Financial for Lutherans lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 70.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,816 shares of the conglomerate’s stock after selling 174,777 shares during the period. Thrivent Financial for Lutherans’ holdings in Carlisle Companies were worth $29,911,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $31,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $31,000. Principal Securities Inc. purchased a new position in shares of Carlisle Companies during the 4th quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Carlisle Companies during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.3 %

NYSE CSL opened at $442.48 on Tuesday. The business has a fifty day moving average price of $410.82 and a 200 day moving average price of $403.79. Carlisle Companies Incorporated has a one year low of $235.79 and a one year high of $444.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The company has a market cap of $21.06 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.30 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company earned $5.18 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase 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 0.90%. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird increased their target price on Carlisle Companies from $465.00 to $500.00 and gave the company 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. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.00.

Insiders Place Their Bets

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The disclosure for this sale can be found here. Corporate 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.