Tower Research Capital LLC TRC Decreases Stake in Carlisle Companies Incorporated (NYSE:CSL)

Tower Research Capital LLC TRC cut its holdings in Carlisle Companies Incorporated (NYSE:CSLFree Report) by 18.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,221 shares of the conglomerate’s stock after selling 722 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Carlisle Companies were worth $835,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Banco Santander S.A. purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $341,000. Pathstone Family Office LLC boosted its stake in shares of Carlisle Companies by 63.6% in the third quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock valued at $817,000 after buying an additional 1,225 shares in the last quarter. Barclays PLC boosted its stake in shares of Carlisle Companies by 82.6% in the second quarter. Barclays PLC now owns 80,505 shares of the conglomerate’s stock valued at $20,653,000 after buying an additional 36,413 shares in the last quarter. Burney Co. boosted its stake in shares of Carlisle Companies by 3.3% in the second quarter. Burney Co. now owns 18,595 shares of the conglomerate’s stock valued at $4,770,000 after buying an additional 600 shares in the last quarter. Finally, Benson Investment Management Company Inc. purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $2,843,000. 90.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP David W. Smith sold 700 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Insiders sold 15,255 shares of company stock valued at $5,231,360 over the last quarter. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several research reports. Robert W. Baird lifted their price objective on Carlisle Companies from $350.00 to $354.00 and gave the stock an “outperform” rating in a report on Wednesday, January 17th. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $310.67.

View Our Latest Research Report on CSL

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $352.59 on Tuesday. The business has a fifty day simple moving average of $324.14 and a 200-day simple moving average of $289.07. Carlisle Companies Incorporated has a 52 week low of $203.65 and a 52 week high of $357.78. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The company has a market cap of $16.84 billion, a P/E ratio of 23.14, a P/E/G ratio of 1.25 and a beta of 0.92.

Carlisle Companies (NYSE:CSLGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $3.92 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Carlisle Companies Incorporated will post 18.44 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s payout ratio is 22.31%.

Carlisle Companies Company Profile

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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