Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC decreased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 11.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,064 shares of the conglomerate’s stock after selling 133 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Carlisle Companies were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP grew its stake in shares of Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $31,000. Principal Securities Inc. purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $32,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $40,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Carlisle Companies by 38.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock valued at $43,000 after buying an additional 3,815 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.1 %

NYSE:CSL traded up $4.81 during trading hours on Monday, reaching $435.35. 131,962 shares of the company were exchanged, compared to its average volume of 312,865. The stock has a 50 day simple moving average of $414.66 and a 200 day simple moving average of $373.43. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $440.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The firm has a market cap of $20.72 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.44 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. As a group, analysts predict that Carlisle Companies Incorporated will post 19.93 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.78%. Carlisle Companies’s payout ratio is currently 19.71%.

Analyst Ratings Changes

A number of brokerages have recently commented on CSL. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price for the company. Loop Capital boosted their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Robert W. Baird boosted their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Oppenheimer boosted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $423.00.

Insider Transactions at Carlisle Companies

In related news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Stephen Aldrich sold 1,095 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,059 shares of company stock worth $24,334,065. 1.50% of the stock is currently owned by insiders.

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.