Aristotle Capital Boston LLC Cuts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Aristotle Capital Boston LLC lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,047 shares of the conglomerate’s stock after selling 3,135 shares during the quarter. Aristotle Capital Boston LLC owned 0.06% of Carlisle Companies worth $9,976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. TD Private Client Wealth LLC grew its stake in Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of Carlisle Companies by 25.0% in the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after buying an additional 78 shares during the last quarter. Quarry LP boosted its holdings in Carlisle Companies by 39.8% in the fourth quarter. Quarry LP now owns 186 shares of the conglomerate’s stock worth $69,000 after acquiring an additional 53 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after acquiring an additional 67 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on CSL shares. Robert W. Baird raised their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. StockNews.com cut shares of Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Monday, April 28th. The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, Loop Capital lowered their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Hold” and an average target price of $454.00.

Insider Activity

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’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 transaction of $366,702.00. Following the sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Carlisle Companies Trading Up 1.8 %

NYSE:CSL opened at $386.47 on Friday. The firm has a market cap of $16.72 billion, a P/E ratio of 13.99, a PEG ratio of 1.03 and a beta of 0.94. The stock’s 50 day simple moving average is $345.80 and its 200-day simple moving average is $385.08. 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 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $3.72 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 annualized dividend and a yield of 1.04%. Carlisle Companies’s dividend payout ratio is currently 14.89%.

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.