Channing Capital Management LLC Reduces Position in Carlisle Companies Incorporated (NYSE:CSL)

Channing Capital Management LLC trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,649 shares of the conglomerate’s stock after selling 1,145 shares during the period. Channing Capital Management LLC owned 0.07% of Carlisle Companies worth $11,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Running Oak Capital LLC raised its stake in Carlisle Companies by 16.3% during the 4th quarter. Running Oak Capital LLC now owns 31,025 shares of the conglomerate’s stock worth $9,693,000 after acquiring an additional 4,341 shares during the period. First Trust Direct Indexing L.P. bought a new stake in shares of Carlisle Companies during the 4th quarter valued at $232,000. Victory Capital Management Inc. lifted its stake in shares of Carlisle Companies by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 139,734 shares of the conglomerate’s stock valued at $43,657,000 after buying an additional 4,862 shares in the last quarter. Stonebrook Private Inc. bought a new position in Carlisle Companies in the 4th quarter worth $631,000. Finally, Golden State Equity Partners increased its stake in Carlisle Companies by 31.3% in the 4th quarter. Golden State Equity Partners now owns 1,108 shares of the conglomerate’s stock worth $346,000 after buying an additional 264 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlisle Companies

In related news, VP David W. Smith sold 700 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $959,422.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction 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 in the company, valued at $1,770,203.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David W. Smith sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $959,422.36. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock worth $5,231,360 over the last quarter. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CSL. The Goldman Sachs Group started coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Loop Capital lifted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Oppenheimer boosted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded up $3.40 during trading hours on Friday, reaching $398.47. The company’s stock had a trading volume of 202,235 shares, compared to its average volume of 318,141. The firm has a 50 day moving average price of $376.23 and a 200-day moving average price of $325.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.57. The stock has a market cap of $19.08 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a one year low of $205.10 and a one year high of $415.00.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. On average, analysts predict that Carlisle Companies Incorporated will post 19.51 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, May 17th. Carlisle Companies’s payout ratio is 19.71%.

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.