Marathon Trading Investment Management LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 562 shares of the conglomerate’s stock, valued at approximately $228,000.
Several other hedge funds have also modified their holdings of CSL. Private Advisor Group LLC acquired a new stake in Carlisle Companies in the fourth quarter valued at $238,000. Principal Securities Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets boosted its holdings in Carlisle Companies by 49.3% during the fourth quarter. BNP Paribas Financial Markets now owns 12,150 shares of the conglomerate’s stock worth $3,796,000 after buying an additional 4,012 shares in the last quarter. Jump Financial LLC acquired a new position in Carlisle Companies during the fourth quarter worth about $250,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in 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 buying an additional 45 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CSL has been the topic of a number of research reports. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Robert W. Baird upped their target price on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $433.00.
Carlisle Companies Stock Performance
Carlisle Companies stock opened at $425.32 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87. The stock has a fifty day moving average of $410.03 and a two-hundred day moving average of $401.61.
Carlisle Companies (NYSE:CSL – Get Free Report) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.18 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal year.
Carlisle Companies Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is currently 23.19%.
Insiders Place Their Bets
In related news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
Carlisle Companies 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.
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