Chilton Investment Co. Inc. Purchases New Stake in Carlisle Companies Incorporated $CSL

Chilton Investment Co. Inc. acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,189 shares of the conglomerate’s stock, valued at approximately $3,352,000.

A number of other institutional investors have also recently bought and sold shares of CSL. JPMorgan Chase & Co. grew its stake in Carlisle Companies by 33.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares in the last quarter. Invesco Ltd. lifted its position in shares of Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after purchasing an additional 27,049 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the period. Sands Capital Management LLC boosted its holdings in shares of Carlisle Companies by 99.2% during the third quarter. Sands Capital Management LLC now owns 849,501 shares of the conglomerate’s stock worth $279,452,000 after purchasing an additional 423,141 shares during the period. Finally, Bessemer Group Inc. grew its position in Carlisle Companies by 2.5% during the third quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock valued at $215,582,000 after purchasing an additional 15,834 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Trading Down 0.7%

NYSE:CSL opened at $341.13 on Friday. The company has a market capitalization of $13.95 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.09 and a beta of 0.91. The stock’s 50 day moving average price is $372.70 and its 200 day moving average price is $347.51. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its earnings results 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. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.47 earnings per share. On average, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction 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 trade represents a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,289 shares of company stock worth $28,125,467 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CSL shares. Oppenheimer upped their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research note on Wednesday, February 4th. William Blair initiated coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $399.17.

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.