Crewe Advisors LLC Boosts Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Crewe Advisors LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 255.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213 shares of the conglomerate’s stock after purchasing an additional 153 shares during the period. Crewe Advisors LLC’s holdings in Carlisle Companies were worth $86,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commerce Bank lifted its holdings in Carlisle Companies by 1.4% during the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock valued at $768,000 after purchasing an additional 34 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after purchasing an additional 34 shares in the last quarter. CWM LLC lifted its holdings in Carlisle Companies by 1.6% during the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after purchasing an additional 38 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after purchasing an additional 41 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Carlisle Companies by 1.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock valued at $1,511,000 after purchasing an additional 43 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on CSL shares. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird raised their price target 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.00.

Carlisle Companies Trading Up 2.5 %

Carlisle Companies stock traded up $10.54 during mid-day trading on Friday, hitting $424.05. The company’s stock had a trading volume of 387,843 shares, compared to its average volume of 327,795. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87. 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 firm has a market capitalization of $20.18 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The stock’s fifty day moving average is $410.59 and its two-hundred day moving average is $395.44.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $5.18 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed 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 represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 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.