Brown Brothers Harriman & Co. Sells 52,883 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Brown Brothers Harriman & Co. reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 175,337 shares of the conglomerate’s stock after selling 52,883 shares during the period. Brown Brothers Harriman & Co.’s holdings in Carlisle Companies were worth $71,048,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $32,000. ORG Partners LLC acquired a new position in Carlisle Companies in the second quarter worth $31,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $39,000. V Square Quantitative Management LLC acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at $31,000. Finally, Principal Securities Inc. bought a new position in shares of Carlisle Companies in the fourth quarter valued at about $32,000. 89.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on CSL. Robert W. Baird increased their price objective on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $433.00.

Insiders Place Their Bets

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

Carlisle Companies Trading Up 1.8 %

Shares of NYSE CSL opened at $411.30 on Monday. The company’s 50 day simple moving average is $409.59 and its 200 day simple moving average is $400.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The firm has a market capitalization of $19.58 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $5.18 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is presently 23.19%.

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.