Carlisle Companies Incorporated $CSL Shares Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 69.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,524 shares of the conglomerate’s stock after buying an additional 22,699 shares during the quarter. Achmea Investment Management B.V. owned about 0.13% of Carlisle Companies worth $18,265,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CSL. Elevation Point Wealth Partners LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies during the second quarter worth about $25,000. Traub Capital Management LLC acquired a new stake in Carlisle Companies during the second quarter worth about $28,000. Vermillion & White Wealth Management Group LLC raised its stake in Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 32 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of several analyst reports. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research note on Wednesday, February 4th. Oppenheimer upped their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their target price on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Finally, William Blair initiated coverage on Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating on the stock. Four 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 company. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Hold” and an average target price of $399.17.

Carlisle Companies Trading Up 3.1%

NYSE CSL opened at $344.95 on Wednesday. The company has a market cap of $14.10 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.07 and a beta of 0.91. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The company has a 50-day moving average of $372.93 and a 200-day moving average of $346.55.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company’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, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Insider Transactions at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the transaction, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president directly owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 68,289 shares of company stock valued at $28,125,467. Corporate insiders own 1.40% of the company’s stock.

About Carlisle Companies

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.