Panagora Asset Management Inc. Has $1.34 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Panagora Asset Management Inc. lowered its position in Carlisle Companies Incorporated (NYSE:CSL) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,285 shares of the conglomerate’s stock after selling 184 shares during the period. Panagora Asset Management Inc.’s holdings in Carlisle Companies were worth $1,339,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Carlisle Companies by 2.1% in the third quarter. Coldstream Capital Management Inc. now owns 1,958 shares of the conglomerate’s stock valued at $508,000 after acquiring an additional 41 shares during the period. Signaturefd LLC boosted its position in shares of Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 44 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Carlisle Companies by 3.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock valued at $475,000 after acquiring an additional 45 shares during the period. Finally, Benson Investment Management Company Inc. boosted its position in shares of Carlisle Companies by 0.4% in the fourth quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate’s stock valued at $3,440,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $426.80 on Wednesday. Carlisle Companies Incorporated has a twelve month low of $207.91 and a twelve month high of $427.14. The firm has a market cap of $20.32 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The business has a fifty day moving average of $391.01 and a 200-day moving average of $339.60.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. On average, equities research analysts predict that Carlisle Companies Incorporated will post 19.91 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a $0.85 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.80%. Carlisle Companies’s payout ratio is 19.71%.

Insider Buying and Selling

In related news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The disclosure for this sale can be found here. Insiders sold a total of 58,059 shares of company stock worth $24,334,065 over the last three months. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CSL shares. Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group assumed coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price for the company. Robert W. Baird increased their price objective on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Oppenheimer increased their price objective on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

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.