Bokf Na Sells 2,588 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Bokf Na lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,500 shares of the conglomerate’s stock after selling 2,588 shares during the quarter. Bokf Na owned 0.05% of Carlisle Companies worth $9,043,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Baird Financial Group Inc. raised its stake in shares of Carlisle Companies by 27.1% in the fourth quarter. Baird Financial Group Inc. now owns 2,588 shares of the conglomerate’s stock valued at $955,000 after purchasing an additional 552 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Carlisle Companies by 57.3% in the 4th quarter. BNP Paribas Financial Markets now owns 34,674 shares of the conglomerate’s stock valued at $12,789,000 after buying an additional 12,632 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Carlisle Companies by 11.9% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,944 shares of the conglomerate’s stock worth $717,000 after acquiring an additional 207 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Carlisle Companies by 1.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,291 shares of the conglomerate’s stock valued at $3,058,000 after acquiring an additional 116 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in Carlisle Companies in the fourth quarter worth about $535,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Performance

CSL stock opened at $386.77 on Wednesday. The company has a 50 day moving average price of $347.78 and a 200 day moving average price of $383.35. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The stock has a market capitalization of $16.73 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07.

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

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.03%. Carlisle Companies’s dividend payout ratio is 14.89%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CSL. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Loop Capital reduced their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. StockNews.com raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird raised their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and an average price target of $454.00.

Carlisle Companies 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.