Polianta Ltd Acquires New Shares in Carlisle Companies Incorporated $CSL

Polianta Ltd bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,600 shares of the conglomerate’s stock, valued at approximately $1,471,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position 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 period. Prudential Financial Inc. raised its position in shares of Carlisle Companies by 21.0% in the 2nd quarter. Prudential Financial Inc. now owns 9,428 shares of the conglomerate’s stock valued at $3,520,000 after acquiring an additional 1,637 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in shares of Carlisle Companies in the 2nd quarter valued at approximately $405,000. Choreo LLC bought a new position in Carlisle Companies during the 2nd quarter worth approximately $521,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Carlisle Companies during the second quarter valued at approximately $25,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $325.98 on Tuesday. The stock has a 50-day moving average price of $369.18 and a two-hundred day moving average price of $343.23. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The stock has a market cap of $13.33 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.04 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The company 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 company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.47 earnings per share. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced 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 was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is presently 25.72%.

Insider Transactions at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares in the company, valued at $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was 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 directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 68,289 shares of company stock worth $28,125,467. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research note on Wednesday, February 4th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. JPMorgan Chase & Co. boosted their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday. Finally, Zacks Research raised Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus price target of $399.17.

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.