Lmcg Investments LLC Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Lmcg Investments LLC lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,501 shares of the conglomerate’s stock after selling 31 shares during the quarter. Lmcg Investments LLC’s holdings in Carlisle Companies were worth $1,419,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carlisle Companies during the 2nd quarter valued at approximately $32,000. ORG Partners LLC bought a new stake in shares of Carlisle Companies during the second quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Carlisle Companies in the second quarter worth $39,000. V Square Quantitative Management LLC purchased a new position in shares of Carlisle Companies in the fourth quarter worth $31,000. Finally, Principal Securities Inc. bought a new position in shares of Carlisle Companies during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction that occurred on 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 owns 35,641 shares in the company, valued at $15,157,760.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on CSL. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer reissued an “outperform” rating and set a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Finally, Robert W. Baird lifted their price objective on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.00.

Carlisle Companies Stock Up 0.6 %

Shares of NYSE:CSL opened at $420.65 on Wednesday. The company has a 50-day moving average price of $409.76 and a 200 day moving average price of $401.09. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.30 and a beta of 0.90.

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

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.95%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is presently 23.19%.

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.