Intech Investment Management LLC Has $13.27 Million Position in Carlisle Companies Incorporated $CSL

Intech Investment Management LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 20.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,347 shares of the conglomerate’s stock after purchasing an additional 6,828 shares during the quarter. Intech Investment Management LLC owned about 0.10% of Carlisle Companies worth $13,273,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new position in Carlisle Companies in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Carlisle Companies during the second quarter worth $25,000. Traub Capital Management LLC acquired a new stake in shares of Carlisle Companies during the second quarter worth $28,000. Vermillion & White Wealth Management Group LLC lifted its position in Carlisle Companies by 69.6% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after acquiring an additional 32 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new stake in Carlisle Companies in the 2nd quarter valued at $36,000. 89.52% of the stock is owned by institutional investors.

Insider Activity

In related news, VP David W. Smith sold 1,800 shares of the firm’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 completion of the sale, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 in the last 90 days. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. William Blair assumed coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Truist Financial reduced their price target on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Finally, Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Carlisle Companies has an average rating of “Hold” and an average target price of $392.50.

Carlisle Companies Stock Performance

CSL opened at $395.64 on Friday. The business’s 50-day simple moving average is $363.98 and its 200 day simple moving average is $349.26. Carlisle Companies Incorporated has a 52-week low of $293.43 and a 52-week high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The firm has a market capitalization of $16.17 billion, a PE ratio of 23.12, a PEG ratio of 1.26 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $4.47 EPS. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies’s payout ratio is currently 25.72%.

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.