Amalgamated Bank Trims Stake in Carlisle Companies Incorporated (NYSE:CSL)

Amalgamated Bank lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,330 shares of the conglomerate’s stock after selling 1,284 shares during the period. Amalgamated Bank owned approximately 0.06% of Carlisle Companies worth $9,788,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CSL. Allworth Financial LP grew its position in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $40,000. Mendota Financial Group LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter worth $53,000. Tobam purchased a new stake in shares of Carlisle Companies during the 4th quarter worth $59,000. Finally, Signaturefd LLC increased its holdings in Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CSL. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Loop Capital boosted their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Oppenheimer raised their price objective on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird boosted their target price on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group began coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Insider Buying and Selling

In other news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carlisle Companies news, VP David W. Smith sold 700 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The disclosure for this sale can be found here. Insiders sold 15,255 shares of company stock valued at $5,231,360 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

Carlisle Companies stock traded up $3.40 during mid-day trading on Friday, reaching $398.47. 202,235 shares of the company were exchanged, compared to its average volume of 318,141. The firm’s 50-day simple moving average is $376.23 and its two-hundred day simple moving average is $324.67. Carlisle Companies Incorporated has a twelve month low of $205.10 and a twelve month high of $415.00. The firm has a market cap of $19.08 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.95.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. Equities analysts predict that Carlisle Companies Incorporated will post 19.51 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a dividend of $0.85 per share. The ex-dividend date is Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.85%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Carlisle Companies Company 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.