Carlisle Companies Incorporated (NYSE:CSL) Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 846.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,599 shares of the conglomerate’s stock after buying an additional 55,988 shares during the period. Assenagon Asset Management S.A.’s holdings in Carlisle Companies were worth $28,154,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. ORG Partners LLC acquired a new position in Carlisle Companies during the second quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies in the second quarter worth approximately $32,000. ORG Wealth Partners LLC acquired a new position in Carlisle Companies in the third quarter worth approximately $32,000. Gilliland Jeter Wealth Management LLC bought a new position in shares of Carlisle Companies in the second quarter valued at $39,000. Finally, UMB Bank n.a. lifted its position in shares of Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $417.26 on Friday. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.52 and a beta of 0.91. Carlisle Companies Incorporated has a 1 year low of $236.42 and a 1 year high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $434.55 and a 200 day simple moving average of $416.05.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, topping analysts’ consensus estimates of $5.77 by $0.01. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $4.68 EPS. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 20.57 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $1.00 per share. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer raised their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $475.00.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.