&Partners Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

&Partners purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,737 shares of the conglomerate’s stock, valued at approximately $697,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CSL. Tevis Investment Management bought a new stake in shares of Carlisle Companies in the 2nd quarter valued at about $367,000. Fifth Third Wealth Advisors LLC increased its position in Carlisle Companies by 260.8% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 2,143 shares of the conglomerate’s stock valued at $868,000 after purchasing an additional 1,549 shares during the period. Fifth Third Bancorp increased its position in Carlisle Companies by 23.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,549 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 293 shares during the period. Ninety One North America Inc. raised its holdings in Carlisle Companies by 13.3% during the 2nd quarter. Ninety One North America Inc. now owns 25,262 shares of the conglomerate’s stock worth $10,236,000 after purchasing an additional 2,960 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Carlisle Companies by 52.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,299 shares of the conglomerate’s stock valued at $526,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CSL. Robert W. Baird lifted their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Oppenheimer boosted their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $423.00.

Carlisle Companies Stock Up 2.2 %

CSL stock traded up $8.84 during midday trading on Friday, reaching $419.70. 59,750 shares of the company’s stock traded hands, compared to its average volume of 327,580. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $410.52 and its 200-day moving average price is $392.49. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $443.87. The company has a market cap of $19.98 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.31 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.18 EPS. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $1.00 per share. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.95%. Carlisle Companies’s payout ratio is presently 23.19%.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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.