Pictet Asset Management Holding SA Sells 540 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Pictet Asset Management Holding SA trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 24,215 shares of the conglomerate’s stock after selling 540 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Carlisle Companies were worth $8,931,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CSL. D.A. Davidson & CO. purchased a new stake in Carlisle Companies in the 3rd quarter valued at about $226,000. Glenmede Trust Co. NA lifted its holdings in shares of Carlisle Companies by 11.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,003 shares of the conglomerate’s stock worth $451,000 after buying an additional 105 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Carlisle Companies by 4.5% in the 3rd quarter. Captrust Financial Advisors now owns 6,111 shares of the conglomerate’s stock worth $2,749,000 after buying an additional 264 shares during the period. Investment Management Corp of Ontario increased its stake in shares of Carlisle Companies by 1.0% during the third quarter. Investment Management Corp of Ontario now owns 12,436 shares of the conglomerate’s stock valued at $5,593,000 after buying an additional 120 shares during the period. Finally, Redwood Investment Management LLC raised its holdings in shares of Carlisle Companies by 4.1% in the third quarter. Redwood Investment Management LLC now owns 3,515 shares of the conglomerate’s stock valued at $1,563,000 after acquiring an additional 138 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 1.4 %

NYSE CSL opened at $347.96 on Thursday. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26. The company has a 50 day moving average price of $351.85 and a 200 day moving average price of $400.24. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The firm has a market cap of $15.36 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the firm earned $4.17 EPS. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Insider Transactions at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

CSL has been the topic of several recent research reports. Oppenheimer reiterated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

About Carlisle Companies

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.