E. Ohman J or Asset Management AB Purchases 700 Shares of Carlisle Companies Incorporated (NYSE:CSL)

E. Ohman J or Asset Management AB raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 58.3% in the third quarter, Holdings Channel reports. The fund owned 1,900 shares of the conglomerate’s stock after buying an additional 700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Carlisle Companies were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. TD Asset Management Inc boosted its stake in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after purchasing an additional 268,685 shares during the period. Epoch Investment Partners Inc. acquired a new position in shares of Carlisle Companies during the second quarter worth approximately $65,041,000. Swedbank AB bought a new stake in shares of Carlisle Companies in the first quarter valued at approximately $31,218,000. Shellback Capital LP grew its stake in shares of Carlisle Companies by 451.9% in the second quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock worth $32,465,000 after acquiring an additional 65,600 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Carlisle Companies by 109.0% during the second quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock worth $49,999,000 after acquiring an additional 64,351 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer increased their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $475.00.

Carlisle Companies Trading Down 9.0 %

Shares of Carlisle Companies stock opened at $417.20 on Friday. The company’s fifty day moving average price is $434.55 and its two-hundred day moving average price is $416.21. The firm has a market capitalization of $19.86 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $236.42 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, beating analysts’ consensus estimates of $5.77 by $0.01. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.68 earnings per share. On average, analysts expect that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

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

About Carlisle Companies

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.