Quantbot Technologies LP Invests $1.46 Million in Carlisle Companies Incorporated $CSL

Quantbot Technologies LP bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,444 shares of the conglomerate’s stock, valued at approximately $1,462,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in shares of Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after buying an additional 28,414 shares during the last quarter. Atria Investments Inc raised its holdings in Carlisle Companies by 19.1% during the second quarter. Atria Investments Inc now owns 2,074 shares of the conglomerate’s stock worth $774,000 after acquiring an additional 333 shares in the last quarter. Bank of Montreal Can boosted its position in Carlisle Companies by 12.6% during the second quarter. Bank of Montreal Can now owns 128,860 shares of the conglomerate’s stock valued at $48,116,000 after purchasing an additional 14,371 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Carlisle Companies by 27.0% during the second quarter. Bank of New York Mellon Corp now owns 490,329 shares of the conglomerate’s stock valued at $183,089,000 after purchasing an additional 104,108 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Carlisle Companies in the second quarter valued at approximately $316,000. Institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s 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 completion of the sale, the chief financial officer directly owned 30,094 shares in the company, valued at $12,279,555.76. The trade was a 44.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Carlisle Companies Price Performance

NYSE:CSL opened at $375.56 on Friday. The company has a market cap of $15.35 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.25 and a beta of 0.91. The firm’s fifty day moving average price is $369.74 and its two-hundred day moving average price is $349.38. Carlisle Companies Incorporated has a one year low of $293.43 and a one year 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.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $4.47 EPS. Carlisle Companies’s revenue was up .4% compared to the same quarter last year. Equities analysts expect 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. Stockholders of record on Tuesday, February 17th were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

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.