Aster Capital Management DIFC Ltd Has $1.86 Million Holdings in Carlisle Companies Incorporated $CSL

Aster Capital Management DIFC Ltd grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 324.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,639 shares of the conglomerate’s stock after purchasing an additional 4,309 shares during the quarter. Carlisle Companies comprises approximately 0.9% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 15th biggest position. Aster Capital Management DIFC Ltd’s holdings in Carlisle Companies were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CSL. Bridges Investment Management Inc. lifted its holdings in shares of Carlisle Companies by 221.3% during the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after buying an additional 102,014 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Carlisle Companies by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after acquiring an additional 8,701 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Carlisle Companies during the third quarter worth about $540,000. EFG Asset Management North America Corp. raised its stake in Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after purchasing an additional 885 shares in the last quarter. Finally, M&G PLC bought a new stake in Carlisle Companies in the 3rd quarter valued at about $11,913,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CSL. Truist Financial decreased their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. William Blair initiated coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. JPMorgan Chase & Co. reduced their target price on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Hold” and a consensus price target of $392.50.

Carlisle Companies Trading Up 0.5%

NYSE CSL opened at $395.64 on Friday. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The business’s fifty day moving average is $363.98 and its 200 day moving average is $349.26.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $4.47 earnings per share. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

Insider Buying and Selling at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at $46,810,324.44. The trade was a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.50% of the company’s stock.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.