Argent Capital Management LLC cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 98.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,615 shares of the conglomerate’s stock after selling 200,293 shares during the quarter. Argent Capital Management LLC’s holdings in Carlisle Companies were worth $430,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. TCW Group Inc. boosted its stake in shares of Carlisle Companies by 134.8% in the 1st quarter. TCW Group Inc. now owns 28,197 shares of the conglomerate’s stock valued at $4,641,000 after purchasing an additional 16,188 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in Carlisle Companies during the 1st quarter valued at about $160,000. HighTower Advisors LLC grew its position in Carlisle Companies by 12.1% during the 1st quarter. HighTower Advisors LLC now owns 37,280 shares of the conglomerate’s stock worth $6,157,000 after acquiring an additional 4,011 shares during the last quarter. Comerica Bank lifted its position in Carlisle Companies by 18.9% in the first quarter. Comerica Bank now owns 72,118 shares of the conglomerate’s stock valued at $13,737,000 after purchasing an additional 11,445 shares during the last quarter. Finally, Lodge Hill Capital LLC boosted its stake in shares of Carlisle Companies by 28.2% during the fourth quarter. Lodge Hill Capital LLC now owns 176,904 shares of the conglomerate’s stock valued at $27,629,000 after purchasing an additional 38,962 shares during the period. Institutional investors own 91.47% of the company’s stock.
Shares of Carlisle Companies stock opened at $187.21 on Friday. Carlisle Companies Incorporated has a 12 month low of $109.72 and a 12 month high of $197.21. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 1.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.25 and a quick ratio of 2.45. The firm’s fifty day moving average price is $185.83.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Monday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, May 14th. This represents a $2.10 annualized dividend and a dividend yield of 1.12%. Carlisle Companies’s payout ratio is 33.23%.
CSL has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Carlisle Companies from $180.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, April 26th. Oppenheimer boosted their target price on Carlisle Companies from $194.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, May 14th. Zacks Investment Research raised Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $215.00 price target for the company in a research note on Wednesday. Loop Capital upped their price objective on shares of Carlisle Companies from $184.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, April 26th. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Carlisle Companies in a research note on Monday, April 19th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Carlisle Companies presently has a consensus rating of “Buy” and a consensus target price of $195.00.
In other Carlisle Companies news, CFO Robert M. Roche sold 12,680 shares of Carlisle Companies stock in a transaction on Wednesday, May 26th. The stock was sold at an average price of $192.13, for a total transaction of $2,436,208.40. Following the completion of the transaction, the chief financial officer now owns 25,487 shares in the company, valued at $4,896,817.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.68% of the company’s stock.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
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