TD Asset Management Inc. Cuts Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

TD Asset Management Inc. reduced its stake in Carlisle Companies Incorporated (NYSE:CSL) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,649 shares of the conglomerate’s stock after selling 32,976 shares during the quarter. TD Asset Management Inc. owned approximately 0.60% of Carlisle Companies worth $100,564,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CSL. Pensionfund Sabic purchased a new stake in shares of Carlisle Companies in the fourth quarter valued at about $1,291,000. Geode Capital Management LLC increased its stake in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after buying an additional 102,436 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Carlisle Companies by 3.9% during the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock worth $1,440,000 after buying an additional 145 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of Carlisle Companies in the 4th quarter worth approximately $872,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after acquiring an additional 1,102 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CSL. Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Oppenheimer reissued an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Transactions at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the company’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 0.1 %

Shares of CSL opened at $348.96 on Wednesday. The firm has a market cap of $15.41 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The business has a 50-day moving average of $358.30 and a 200 day moving average of $402.61.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the company earned $4.17 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.15%. Carlisle Companies’s dividend payout ratio is currently 14.48%.

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.