GAMMA Investing LLC Acquires Shares of 914 Carlisle Companies Incorporated (NYSE:CSL)

GAMMA Investing LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, Holdings Channel.com reports. The fund bought 914 shares of the conglomerate’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds have also made changes to their positions in CSL. Allworth Financial LP increased its position in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of Carlisle Companies during the fourth quarter worth approximately $40,000. Signaturefd LLC increased its holdings in shares of Carlisle Companies by 28.9% in the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 44 shares during the period. Mendota Financial Group LLC purchased a new stake in Carlisle Companies in the 4th quarter valued at $53,000. Finally, Tobam acquired a new stake in Carlisle Companies during the 4th quarter worth $59,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $375.15 on Thursday. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The stock has a 50 day simple moving average of $369.95 and a 200-day simple moving average of $318.74. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $403.44.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. Carlisle Companies’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.92 earnings per share. On average, equities analysts forecast that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.91%. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Insider Transactions at Carlisle Companies

In related news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock valued at $5,231,360 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CSL shares. Oppenheimer lifted their price objective on shares of Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Loop Capital boosted their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group started coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird increased their price target on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $390.33.

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.