Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Tweedy Browne Co LLC

Tweedy Browne Co LLC cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 14.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,995 shares of the conglomerate’s stock after selling 345 shares during the quarter. Tweedy Browne Co LLC’s holdings in Carlisle Companies were worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commerce Bank increased its position in shares of Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after purchasing an additional 34 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its position in shares of Carlisle Companies by 5.0% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 34 shares during the last quarter. Allworth Financial LP increased its position in shares of Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Carlisle Companies by 5.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock worth $308,000 after purchasing an additional 41 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Carlisle Companies by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock worth $1,511,000 after purchasing an additional 43 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CSL. The Goldman Sachs Group began coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 target price for the company. Robert W. Baird raised their target price on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Loop Capital raised their target price on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Oppenheimer raised their target price on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One 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 company currently has an average rating of “Moderate Buy” and an average target price of $416.00.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares in the company, valued at $36,399,039.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $36,399,039.12. The disclosure for this sale can be found here. Insiders sold a total of 58,059 shares of company stock worth $24,334,065 over the last 90 days. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Up 2.5 %

Shares of CSL traded up $10.64 during midday trading on Friday, hitting $436.69. The company had a trading volume of 125,248 shares, compared to its average volume of 312,824. The company’s 50-day simple moving average is $414.02 and its 200-day simple moving average is $371.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The firm has a market capitalization of $20.79 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.39 and a beta of 0.90. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $437.92.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. The business had revenue of $1.10 billion during 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%. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 19.93 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was 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.