Boston Financial Mangement LLC Increases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Boston Financial Mangement LLC increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.8% in the 2nd quarter, Holdings Channel reports. The firm owned 88,224 shares of the conglomerate’s stock after buying an additional 742 shares during the period. Carlisle Companies accounts for approximately 1.1% of Boston Financial Mangement LLC’s holdings, making the stock its 27th biggest position. Boston Financial Mangement LLC’s holdings in Carlisle Companies were worth $35,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Carlisle Companies in the 4th quarter worth approximately $47,830,000. Signaturefd LLC increased its position in Carlisle Companies by 25.5% during the fourth quarter. Signaturefd LLC now owns 246 shares of the conglomerate’s stock valued at $77,000 after acquiring an additional 50 shares during the last quarter. CWM LLC lifted its holdings in Carlisle Companies by 11.2% in the fourth quarter. CWM LLC now owns 2,445 shares of the conglomerate’s stock valued at $764,000 after acquiring an additional 247 shares during the period. Victory Capital Management Inc. lifted its holdings in Carlisle Companies by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 139,734 shares of the conglomerate’s stock valued at $43,657,000 after acquiring an additional 4,862 shares during the period. Finally, First Trust Direct Indexing L.P. purchased a new position in Carlisle Companies in the fourth quarter worth about $232,000. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction that occurred on 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 sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Price Performance

Shares of CSL traded up $10.54 during mid-day trading on Friday, reaching $424.05. The stock had a trading volume of 387,843 shares, compared to its average volume of 327,795. The business has a fifty day moving average of $410.73 and a 200 day moving average of $395.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 1.31 and a beta of 0.90. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company earned $5.18 EPS. Carlisle Companies’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Tuesday, August 20th will be paid a $1.00 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. Carlisle Companies’s dividend payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CSL. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird lifted 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 given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $423.00.

Carlisle Companies 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.