Champlain Investment Partners LLC Makes New Investment in Carlisle Companies Incorporated $CSL

Champlain Investment Partners LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 133,580 shares of the conglomerate’s stock, valued at approximately $43,942,000.

A number of other hedge funds have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Carlisle Companies in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth approximately $25,000. Traub Capital Management LLC bought a new stake in Carlisle Companies during the 2nd quarter worth approximately $28,000. Vermillion & White Wealth Management Group LLC increased 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 during the period. Finally, Osterweis Capital Management Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $36,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Price Performance

CSL stock opened at $388.92 on Wednesday. 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 company’s fifty day simple moving average is $367.76 and its 200 day simple moving average is $348.91. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.26 and a beta of 0.91.

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

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies’s payout ratio is 25.72%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CSL shares. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Oppenheimer lifted their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research note on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $395.83.

Insiders Place Their Bets

In other 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 sale, the chief executive officer owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This trade represents a 24.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction 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 in the company, valued at $3,564,254.40. The trade was a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,289 shares of company stock valued at $28,125,467 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Carlisle Companies Company 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.