Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Shakespeare Wealth Management LLC

Shakespeare Wealth Management LLC reduced its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,556 shares of the conglomerate’s stock after selling 145 shares during the quarter. Shakespeare Wealth Management LLC’s holdings in Carlisle Companies were worth $574,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 2Xideas AG increased its holdings in Carlisle Companies by 42.7% in the 4th quarter. 2Xideas AG now owns 27,951 shares of the conglomerate’s stock valued at $10,309,000 after purchasing an additional 8,360 shares in the last quarter. Mirabaud Asset Management Ltd boosted its position in shares of Carlisle Companies by 16.4% in the fourth quarter. Mirabaud Asset Management Ltd now owns 11,464 shares of the conglomerate’s stock worth $4,226,000 after buying an additional 1,613 shares during the period. Aviva PLC grew its stake in shares of Carlisle Companies by 15.4% in the fourth quarter. Aviva PLC now owns 153,479 shares of the conglomerate’s stock valued at $56,609,000 after buying an additional 20,520 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at about $1,472,000. Finally, KCM Investment Advisors LLC lifted its position in Carlisle Companies by 2.5% during the 4th quarter. KCM Investment Advisors LLC now owns 14,962 shares of the conglomerate’s stock worth $5,519,000 after acquiring an additional 361 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CSL. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Insiders Place Their Bets

In related 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 transaction of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Stock Down 0.1 %

CSL stock opened at $326.87 on Monday. The company has a market capitalization of $14.43 billion, a P/E ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The firm has a 50 day simple moving average of $348.76 and a 200-day simple moving average of $398.77. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a twelve month low of $312.60 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 in the prior year, the company posted $4.17 earnings per share. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

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.