Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,240 shares of the conglomerate’s stock after selling 1,148 shares during the quarter. Bank of Montreal Can’s holdings in Carlisle Companies were worth $49,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. CANADA LIFE ASSURANCE Co increased its stake in shares of Carlisle Companies by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after purchasing an additional 4,692 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Carlisle Companies by 51.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock worth $5,112,000 after buying an additional 4,415 shares during the period. Wellington Management Group LLP raised its stake in shares of Carlisle Companies by 1,074.0% during the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after buying an additional 139,054 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Carlisle Companies by 887.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock valued at $5,443,000 after buying an additional 12,484 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at $608,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other Carlisle Companies 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 of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP David W. Smith sold 600 shares of the company’s 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 sale, the vice president now 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s 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 sale, 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 corporate insiders.

Wall Street Analyst Weigh In

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

Carlisle Companies Price Performance

Carlisle Companies stock opened at $437.97 on Thursday. The company has a fifty day simple moving average of $411.04 and a 200-day simple moving average of $404.62. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.43 and a beta of 0.90. 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 52-week low of $235.79 and a 52-week high of $444.50.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $5.18 EPS. Carlisle Companies’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.00 per share. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.91%. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Carlisle Companies Profile

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.