Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Jag Capital Management LLC

Jag Capital Management LLC lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 589 shares of the conglomerate’s stock after selling 72 shares during the period. Jag Capital Management LLC’s holdings in Carlisle Companies were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Equitable Trust Co. increased its position in Carlisle Companies by 0.3% in the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after acquiring an additional 25 shares during the period. Diversify Advisory Services LLC increased its position in Carlisle Companies by 1.7% in the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock valued at $586,000 after acquiring an additional 26 shares during the period. Metis Global Partners LLC increased its position in Carlisle Companies by 5.2% in the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after acquiring an additional 30 shares during the period. Covestor Ltd increased its position in Carlisle Companies by 19.3% in the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock valued at $89,000 after acquiring an additional 32 shares during the period. Finally, GAMMA Investing LLC increased its position in Carlisle Companies by 3.0% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate’s stock worth $489,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

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

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $332.65 on Tuesday. The business’s 50 day simple moving average is $369.36 and its 200-day simple moving average is $410.94. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12 month low of $330.65 and a 12 month high of $481.26.

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

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

Analyst Upgrades and Downgrades

CSL has been the topic of several recent analyst reports. Loop Capital dropped their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group dropped their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $476.00.

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.