Jag Capital Management LLC Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Jag Capital Management LLC decreased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 589 shares of the conglomerate’s stock after selling 72 shares during the quarter. Jag Capital Management LLC’s holdings in Carlisle Companies were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Equitable Trust Co. boosted its position in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after purchasing an additional 25 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Carlisle Companies by 1.7% during the fourth quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock worth $586,000 after purchasing an additional 26 shares in the last quarter. Metis Global Partners LLC boosted its position in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after purchasing an additional 30 shares in the last quarter. Covestor Ltd boosted its position in Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate’s stock worth $489,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE:CSL opened at $332.65 on Tuesday. Carlisle Companies Incorporated has a one year low of $330.65 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a market cap of $14.82 billion, a PE ratio of 12.04, a P/E/G ratio of 1.03 and a beta of 0.96. The stock has a 50 day moving average price of $369.36 and a 200 day moving average price of $410.94.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $4.17 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.20%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Insider Activity at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies 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 directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CSL has been the topic of several research reports. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group decreased their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital decreased their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average target price of $476.00.

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.