AlphaCrest Capital Management LLC Sells 1,317 Shares of Carlisle Companies Incorporated (NYSE:CSL)

AlphaCrest Capital Management LLC cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 35.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,380 shares of the conglomerate’s stock after selling 1,317 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Carlisle Companies were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Avantax Advisory Services Inc. grew its stake in shares of Carlisle Companies by 1.8% in the first quarter. Avantax Advisory Services Inc. now owns 2,979 shares of the conglomerate’s stock worth $489,000 after purchasing an additional 54 shares during the last quarter. Malaga Cove Capital LLC lifted its holdings in Carlisle Companies by 2.9% in the second quarter. Malaga Cove Capital LLC now owns 2,210 shares of the conglomerate’s stock worth $423,000 after buying an additional 62 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Carlisle Companies by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 17,804 shares of the conglomerate’s stock worth $3,407,000 after buying an additional 65 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Carlisle Companies by 3.5% in the first quarter. Moneta Group Investment Advisors LLC now owns 2,042 shares of the conglomerate’s stock worth $336,000 after buying an additional 70 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Carlisle Companies by 0.7% in the second quarter. SG Americas Securities LLC now owns 16,546 shares of the conglomerate’s stock worth $3,167,000 after buying an additional 110 shares during the period. 88.93% of the stock is currently owned by institutional investors.

Several brokerages have commented on CSL. Loop Capital raised their price objective on shares of Carlisle Companies from $215.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, August 18th. Zacks Investment Research upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $209.00 price objective for the company in a report on Tuesday, July 27th. Robert W. Baird raised their price objective on shares of Carlisle Companies from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday. They noted that the move was a valuation call. Northcoast Research upgraded shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a report on Wednesday, June 30th. Finally, Oppenheimer lifted their target price on shares of Carlisle Companies from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, August 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $214.25.

In other Carlisle Companies news, VP Scott C. Selbach sold 21,021 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $203.41, for a total value of $4,275,881.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kevin P. Zdimal sold 15,544 shares of the firm’s stock in a transaction dated Tuesday, July 27th. The stock was sold at an average price of $199.37, for a total value of $3,099,007.28. Following the completion of the transaction, the vice president now directly owns 40,106 shares in the company, valued at $7,995,933.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 161,815 shares of company stock valued at $33,098,099. Company insiders own 1.68% of the company’s stock.

Shares of CSL opened at $207.60 on Thursday. The company has a market capitalization of $10.82 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a quick ratio of 2.69, a current ratio of 3.30 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $204.73 and a 200 day moving average of $193.85. Carlisle Companies Incorporated has a twelve month low of $119.68 and a twelve month high of $215.41.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, July 22nd. The conglomerate reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.07. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Carlisle Companies had a net margin of 7.60% and a return on equity of 15.42%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 9.13 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Wednesday, August 18th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Tuesday, August 17th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.53. Carlisle Companies’s payout ratio is 34.18%.

Carlisle Companies Company Profile

Carlisle Cos., Inc engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following 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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