Waycross Partners LLC Takes $13.24 Million Position in Carlisle Companies Incorporated $CSL

Waycross Partners LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,237 shares of the conglomerate’s stock, valued at approximately $13,236,000. Carlisle Companies makes up about 1.1% of Waycross Partners LLC’s portfolio, making the stock its 29th largest holding. Waycross Partners LLC owned approximately 0.10% of Carlisle Companies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after purchasing an additional 558,710 shares in the last quarter. Sands Capital Management LLC acquired a new stake in Carlisle Companies during the second quarter worth approximately $159,203,000. JPMorgan Chase & Co. increased its stake in shares of Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after purchasing an additional 358,241 shares during the period. Norges Bank acquired a new position in Carlisle Companies in the 2nd quarter valued at $128,856,000. Finally, Lazard Asset Management LLC grew its holdings in Carlisle Companies by 464.2% in the 2nd quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock valued at $67,543,000 after buying an additional 148,829 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 36,260 shares of Carlisle Companies stock in a transaction dated 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 sale, the chief executive officer owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. The trade was a 24.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This represents a 41.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 68,289 shares of company stock valued at $28,125,467. 1.40% of the stock is owned by insiders.

Carlisle Companies Trading Down 0.2%

NYSE:CSL opened at $408.26 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The company has a current ratio of 3.25, a quick ratio of 2.62 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.30 and a beta of 0.94. The firm has a fifty day simple moving average of $354.03 and a two-hundred day simple moving average of $346.97.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 40.11%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $4.47 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. William Blair began coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating for the company. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, Truist Financial decreased their price objective on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $392.50.

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.