Sprucegrove Investment Management Ltd. Trims Stake in Carlisle Companies Incorporated (NYSE:CSL)

Sprucegrove Investment Management Ltd. lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 25.6% during the first quarter, HoldingsChannel reports. The firm owned 50,500 shares of the conglomerate’s stock after selling 17,400 shares during the quarter. Sprucegrove Investment Management Ltd.’s holdings in Carlisle Companies were worth $8,311,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CSL. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Carlisle Companies by 8.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,597 shares of the conglomerate’s stock worth $1,030,000 after purchasing an additional 538 shares during the period. First Trust Advisors LP lifted its stake in shares of Carlisle Companies by 91.2% during the 4th quarter. First Trust Advisors LP now owns 86,551 shares of the conglomerate’s stock worth $13,518,000 after purchasing an additional 41,284 shares during the period. California Public Employees Retirement System raised its position in shares of Carlisle Companies by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 128,514 shares of the conglomerate’s stock worth $20,071,000 after buying an additional 2,942 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Carlisle Companies by 11.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,049 shares of the conglomerate’s stock worth $945,000 after buying an additional 604 shares during the period. Finally, Graves Light Private Wealth Management Inc. purchased a new position in shares of Carlisle Companies in the 4th quarter worth $99,000. 91.47% of the stock is currently owned by institutional investors.

In other news, CFO Robert M. Roche sold 12,680 shares of Carlisle Companies stock in a transaction that occurred 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 sale, the chief financial officer now owns 25,487 shares of the company’s stock, valued at $4,896,817.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.68% of the company’s stock.

NYSE:CSL traded up $2.15 during mid-day trading on Friday, reaching $189.36. The stock had a trading volume of 228 shares, compared to its average volume of 300,481. The stock has a market cap of $9.88 billion, a P/E ratio of 32.90, a price-to-earnings-growth ratio of 1.37 and a beta of 1.03. Carlisle Companies Incorporated has a 1-year low of $109.72 and a 1-year high of $197.21. The business has a 50 day simple moving average of $185.83. The company has a quick ratio of 2.45, a current ratio of 3.25 and a debt-to-equity ratio of 0.86.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, April 21st. The conglomerate reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.78. Carlisle Companies had a net margin of 7.32% and a return on equity of 14.26%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $970.33 million. During the same quarter last year, the company posted $1.09 earnings per share. Carlisle Companies’s revenue was up .0% on a year-over-year basis. As a group, analysts predict that Carlisle Companies Incorporated will post 9.12 EPS for the current fiscal year.

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.11%. Carlisle Companies’s dividend payout ratio (DPR) is presently 33.23%.

CSL has been the subject of several recent research reports. Loop Capital increased their price target on Carlisle Companies from $184.00 to $205.00 and gave the company a “buy” rating in a report on Monday, April 26th. Longbow Research reiterated a “neutral” rating on shares of Carlisle Companies in a report on Monday, April 19th. Oppenheimer increased their price target on Carlisle Companies from $194.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, May 14th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “strong-buy” rating and set a $215.00 target price for the company in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on Carlisle Companies from $180.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, April 26th. 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 stock. Carlisle Companies currently has a consensus rating of “Buy” and a consensus price target of $195.00.

Carlisle Companies Company Profile

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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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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