Procyon Advisors LLC Increases Holdings in Carlisle Companies Incorporated $CSL

Procyon Advisors LLC raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 318.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,458 shares of the conglomerate’s stock after purchasing an additional 6,439 shares during the period. Procyon Advisors LLC’s holdings in Carlisle Companies were worth $2,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CSL. Bank of New York Mellon Corp increased its stake in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after buying an additional 558,710 shares during the period. Barclays PLC lifted its stake in Carlisle Companies by 947.3% in the third quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock worth $164,263,000 after acquiring an additional 451,662 shares during the period. Sands Capital Management LLC bought a new stake in Carlisle Companies in the second quarter valued at $159,203,000. JPMorgan Chase & Co. increased its position in Carlisle Companies by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after purchasing an additional 358,241 shares during the period. Finally, Norges Bank purchased a new position in Carlisle Companies during the 2nd quarter valued at $128,856,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $328.00 on Monday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market capitalization of $13.41 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.05 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The business has a fifty day simple moving average of $372.47 and a two-hundred day simple moving average of $345.55.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.47 EPS. On average, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is 25.72%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Schwar sold 6,049 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider owned 8,540 shares of the company’s stock, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,289 shares of company stock worth $28,125,467 over the last three months. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research analyst reports. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a report on Wednesday. Finally, Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $399.17.

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.