TimesSquare Capital Management LLC Sells 17,790 Shares of Carlisle Companies Incorporated (NYSE:CSL)

TimesSquare Capital Management LLC lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,648 shares of the conglomerate’s stock after selling 17,790 shares during the quarter. Carlisle Companies comprises approximately 1.1% of TimesSquare Capital Management LLC’s holdings, making the stock its 26th largest holding. TimesSquare Capital Management LLC owned 0.39% of Carlisle Companies worth $73,530,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Birch Hill Investment Advisors LLC increased its holdings in Carlisle Companies by 50.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock valued at $4,491,000 after buying an additional 4,820 shares during the period. Mawer Investment Management Ltd. acquired a new position in Carlisle Companies during the 4th quarter worth about $3,174,000. Exchange Traded Concepts LLC acquired a new position in Carlisle Companies during the 4th quarter worth about $1,093,000. Pacer Advisors Inc. lifted its position in Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after buying an additional 413,691 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in 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 in the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CSL. Robert W. Baird upped their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Loop Capital upped their target price 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. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 target price on the stock. Finally, Oppenheimer upped their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Insider Activity

In other news, CEO D Christian Koch sold 54,927 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction 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 directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,059 shares of company stock valued at $24,334,065. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Up 1.1 %

Shares of CSL traded up $4.49 during mid-day trading on Friday, hitting $430.54. 311,642 shares of the company’s stock were exchanged, compared to its average volume of 401,734. The company has a market cap of $20.49 billion, a PE ratio of 24.96, a P/E/G ratio of 1.43 and a beta of 0.90. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $437.92. The company has a 50-day simple moving average of $414.66 and a 200 day simple moving average of $373.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61.

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 company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, research analysts forecast that Carlisle Companies Incorporated will post 19.93 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies’s payout ratio is presently 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.