Nicolet Advisory Services LLC Has $454,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Nicolet Advisory Services LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 36.7% in the first quarter, Holdings Channel reports. The firm owned 1,157 shares of the conglomerate’s stock after selling 670 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Carlisle Companies were worth $454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter valued at $159,187,000. Pacer Advisors Inc. raised its position in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Carlisle Companies by 666.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock valued at $71,218,000 after purchasing an additional 198,191 shares in the last quarter. Wellington Management Group LLP increased its stake in Carlisle Companies by 1,074.0% during the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after purchasing an additional 139,054 shares in the last quarter. Finally, Baillie Gifford & Co. bought a new position in Carlisle Companies in the first quarter valued at approximately $17,279,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL traded down $6.03 on Friday, hitting $417.00. The company’s stock had a trading volume of 234,984 shares, compared to its average volume of 423,232. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a one year low of $235.79 and a one year high of $443.87. The stock has a fifty day moving average of $416.31 and a two-hundred day moving average of $377.02. The firm has a market capitalization of $19.85 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results 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. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Research analysts predict that Carlisle Companies Incorporated will post 20.02 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insiders Place Their Bets

In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP David W. Smith sold 2,037 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. Insiders have sold a total of 58,059 shares of company stock worth $24,334,065 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CSL. Oppenheimer increased their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Robert W. Baird lifted their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group initiated coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $423.00.

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.