JPMorgan Chase & Co. Trims Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

JPMorgan Chase & Co. reduced its stake in Carlisle Companies Incorporated (NYSE:CSLFree Report) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,184,587 shares of the conglomerate’s stock after selling 45,018 shares during the period. JPMorgan Chase & Co. owned approximately 2.43% of Carlisle Companies worth $307,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. purchased a new stake in Carlisle Companies in the 4th quarter valued at about $29,000. Artemis Wealth Advisors LLC purchased a new stake in Carlisle Companies during the second quarter worth about $42,000. Signaturefd LLC increased its stake in Carlisle Companies by 28.9% during the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock worth $51,000 after purchasing an additional 44 shares during the period. RVW Wealth LLC purchased a new stake in Carlisle Companies during the third quarter worth about $52,000. Finally, UniSuper Management Pty Ltd purchased a new stake in Carlisle Companies during the second quarter worth about $103,000. 90.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlisle Companies

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

Carlisle Companies Stock Performance

Shares of CSL opened at $354.71 on Friday. The stock has a 50 day moving average price of $327.77 and a 200 day moving average price of $291.34. 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 capitalization of $16.94 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92. Carlisle Companies Incorporated has a 52-week low of $203.65 and a 52-week high of $367.29.

Carlisle Companies (NYSE:CSLGet Free Report) last announced 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. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.92 earnings per share. Research analysts predict that Carlisle Companies Incorporated will post 18.44 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird boosted their price objective on Carlisle Companies from $350.00 to $354.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $310.67.

Check Out Our Latest Report on Carlisle Companies

Carlisle Companies 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.

See Also

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

Receive News & Ratings for Carlisle Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlisle Companies and related companies with MarketBeat.com's FREE daily email newsletter.