O Shaughnessy Asset Management LLC Buys 402 Shares of Carlisle Companies Incorporated (NYSE:CSL)

O Shaughnessy Asset Management LLC grew its stake in Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,884 shares of the conglomerate’s stock after acquiring an additional 402 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Carlisle Companies were worth $2,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Carlisle Companies in the fourth quarter valued at about $31,000. Principal Securities Inc. acquired a new stake in Carlisle Companies in the fourth quarter valued at about $32,000. Sound Income Strategies LLC boosted its stake in shares of Carlisle Companies by 564.7% during the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock valued at $44,000 after purchasing an additional 96 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in shares of Carlisle Companies during the first quarter valued at about $48,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Down 4.0 %

Shares of NYSE:CSL traded down $17.21 during mid-day trading on Wednesday, hitting $412.27. 573,553 shares of the company traded hands, compared to its average volume of 317,549. The stock has a market cap of $19.62 billion, a P/E ratio of 24.90, a P/E/G ratio of 1.42 and a beta of 0.90. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $443.87. The stock has a 50-day moving average price of $416.77 and a two-hundred day moving average price of $379.31.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 20.02 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.85 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.40 annualized dividend and a yield of 0.82%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 2,037 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David W. Smith sold 2,037 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,149,413.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,059 shares of company stock valued at $24,334,065. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CSL shares. Oppenheimer lifted their price objective on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Loop Capital boosted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird boosted their price objective on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group initiated coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $423.00.

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.