Sei Investments Co. Sells 9,823 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Sei Investments Co. decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 9.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 91,714 shares of the conglomerate’s stock after selling 9,823 shares during the quarter. Sei Investments Co.’s holdings in Carlisle Companies were worth $37,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CSL. Madison Asset Management LLC grew its holdings in shares of Carlisle Companies by 2.9% during the 4th quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock valued at $125,449,000 after purchasing an additional 11,464 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Carlisle Companies by 2,073.5% in the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Carlisle Companies by 2.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after acquiring an additional 6,613 shares during the period. Zurich Insurance Group Ltd FI boosted its holdings in Carlisle Companies by 2.6% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 188,234 shares of the conglomerate’s stock valued at $73,759,000 after acquiring an additional 4,782 shares during the period. Finally, Principal Financial Group Inc. grew its position in Carlisle Companies by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 186,370 shares of the conglomerate’s stock worth $73,029,000 after acquiring an additional 4,168 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $442.48 on Tuesday. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.30 and a beta of 0.90. The stock has a fifty day moving average of $410.82 and a 200 day moving average of $403.79. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $444.50. 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 (NYSE:CSL) last announced its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $5.18 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a $1.00 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.90%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is currently 23.19%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, VP David W. Smith sold 600 shares of the company’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 sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.