Great Lakes Advisors LLC Acquires Shares of 1,827 Carlisle Companies Incorporated (NYSE:CSL)

Great Lakes Advisors LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSLFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,827 shares of the conglomerate’s stock, valued at approximately $571,000.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares during the last quarter. Principal Securities Inc. acquired a new position in Carlisle Companies during the fourth quarter worth about $32,000. Tennessee Valley Asset Management Partners purchased a new stake in Carlisle Companies during the 4th quarter valued at about $40,000. Signaturefd LLC raised its holdings in Carlisle Companies by 28.9% in the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 44 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Carlisle Companies in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.8 %

Shares of NYSE:CSL opened at $423.29 on Thursday. The business has a 50-day moving average price of $392.22 and a 200 day moving average price of $340.19. Carlisle Companies Incorporated has a 12-month low of $207.91 and a 12-month high of $429.60. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.41 and a beta of 0.90.

Carlisle Companies (NYSE:CSLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. Sell-side analysts expect that Carlisle Companies Incorporated will post 19.91 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.85 per share. The ex-dividend date is Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.80%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insider Activity

In related news, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at approximately $645,540. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at approximately $645,540. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,059 shares of company stock valued at $24,334,065. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CSL shares. Loop Capital upped their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Oppenheimer boosted their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. Finally, Robert W. Baird lifted their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $416.00.

Read Our Latest Research Report on CSL

Carlisle Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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