Chesley Taft & Associates LLC Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Chesley Taft & Associates LLC lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,606 shares of the conglomerate’s stock after selling 335 shares during the period. Chesley Taft & Associates LLC’s holdings in Carlisle Companies were worth $1,866,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CSL. V Square Quantitative Management LLC purchased a new stake in Carlisle Companies during the fourth quarter valued at about $31,000. ORG Partners LLC bought a new position in shares of Carlisle Companies during the 2nd quarter valued at about $31,000. Principal Securities Inc. purchased a new position in shares of Carlisle Companies during the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carlisle Companies in the 2nd quarter worth approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Carlisle Companies in the fourth quarter worth approximately $40,000. 89.52% of the stock is owned by institutional investors.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated 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 of the company’s stock, valued at approximately $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 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 directly 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 owned by company insiders.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $405.00 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87. The company has a market capitalization of $19.28 billion, a P/E ratio of 23.39, a PEG ratio of 1.31 and a beta of 0.90. The stock has a 50 day moving average price of $410.78 and a two-hundred day moving average price of $391.01.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.18 EPS. Analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a dividend yield of 0.99%. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CSL shares. Oppenheimer lifted 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. Robert W. Baird lifted their target price 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $423.00.

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.