Cornerstone Capital Management Holdings LLC. Sells 40,958 Shares of Carlisle Companies, Inc. (CSL)

Cornerstone Capital Management Holdings LLC. cut its position in Carlisle Companies, Inc. (NYSE:CSL) by 60.9% during the first quarter, Holdings Channel reports. The fund owned 26,327 shares of the conglomerate’s stock after selling 40,958 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Carlisle Companies were worth $2,800,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CSL. Quadrant Capital Group LLC increased its position in shares of Carlisle Companies by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,008 shares of the conglomerate’s stock worth $105,000 after buying an additional 25 shares during the last quarter. Israel Discount Bank of New York GFN acquired a new position in shares of Carlisle Companies during the fourth quarter worth $178,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Carlisle Companies by 14.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,978 shares of the conglomerate’s stock worth $203,000 after buying an additional 245 shares during the last quarter. Burney Co. acquired a new position in shares of Carlisle Companies during the fourth quarter worth $211,000. Finally, ARP Americas LLC acquired a new position in shares of Carlisle Companies during the fourth quarter worth $214,000. Hedge funds and other institutional investors own 87.64% of the company’s stock.

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

Carlisle Companies, Inc. (NYSE:CSL) traded down 0.45% during trading on Friday, reaching $98.46. The company had a trading volume of 70,012 shares. Carlisle Companies, Inc. has a 12-month low of $97.72 and a 12-month high of $116.40. The firm has a market capitalization of $6.36 billion, a PE ratio of 26.51 and a beta of 0.77. The firm’s 50 day moving average price is $102.43 and its 200 day moving average price is $106.91.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 27th. The conglomerate reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $857.30 million for the quarter, compared to the consensus estimate of $832.50 million. Carlisle Companies had a net margin of 6.80% and a return on equity of 15.67%. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. Equities research analysts forecast that Carlisle Companies, Inc. will post $5.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Wednesday, May 10th. Carlisle Companies’s dividend payout ratio (DPR) is currently 36.75%.

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A number of equities analysts have recently weighed in on CSL shares. Oppenheimer Holdings Inc. set a $120.00 target price on Carlisle Companies and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets restated a “buy” rating and issued a $130.00 target price on shares of Carlisle Companies in a research note on Thursday, April 20th. Zacks Investment Research upgraded Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Finally, BidAskClub downgraded Carlisle Companies from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $118.60.

In other news, insider John E. Berlin sold 19,860 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $104.55, for a total value of $2,076,363.00. Following the sale, the insider now directly owns 56,262 shares of the company’s stock, valued at approximately $5,882,192.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.71% of the stock is owned by corporate insiders.

About Carlisle Companies

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CSL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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