Precision Wealth Strategies LLC Sells 78 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Precision Wealth Strategies LLC lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 7.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,008 shares of the conglomerate’s stock after selling 78 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Carlisle Companies were worth $453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Carlisle Companies by 7.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after buying an additional 4,692 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Carlisle Companies by 51.2% during the first quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after buying an additional 4,415 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Carlisle Companies by 887.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock valued at $5,443,000 after buying an additional 12,484 shares during the period. Silver Lake Advisory LLC purchased a new position in shares of Carlisle Companies during the second quarter valued at approximately $608,000. Finally, Empowered Funds LLC increased its stake in shares of Carlisle Companies by 1,523.0% during the first quarter. Empowered Funds LLC now owns 11,020 shares of the conglomerate’s stock valued at $4,318,000 after buying an additional 10,341 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CSL. Robert W. Baird boosted their target price on Carlisle Companies from $500.00 to $506.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Finally, StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $470.25.

Carlisle Companies Price Performance

Shares of CSL stock opened at $468.32 on Tuesday. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.52 and a beta of 0.91. The business’s fifty day moving average is $429.00 and its 200 day moving average is $414.34. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $481.26. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $5.18 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.85%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s payout ratio is 23.19%.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP David W. Smith sold 600 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.