Dean Capital Management Acquires Shares of 3,003 Carlisle Companies Incorporated $CSL

Dean Capital Management bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,003 shares of the conglomerate’s stock, valued at approximately $988,000.

Other hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System lifted its stake in Carlisle Companies by 1.3% during the third quarter. California Public Employees Retirement System now owns 89,424 shares of the conglomerate’s stock worth $29,417,000 after purchasing an additional 1,146 shares during the last quarter. Chilton Investment Co. Inc. bought a new stake in Carlisle Companies during the third quarter valued at $3,352,000. Bank of Nova Scotia raised its holdings in shares of Carlisle Companies by 40.8% during the third quarter. Bank of Nova Scotia now owns 2,317 shares of the conglomerate’s stock worth $762,000 after purchasing an additional 671 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Carlisle Companies during the third quarter worth $912,000. Finally, Lazard Asset Management LLC lifted its position in shares of Carlisle Companies by 0.3% in the 3rd quarter. Lazard Asset Management LLC now owns 181,374 shares of the conglomerate’s stock worth $59,665,000 after buying an additional 485 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO D Christian Koch sold 36,260 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 68,289 shares of company stock worth $28,125,467. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a report on Wednesday, February 4th. William Blair started coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Finally, Oppenheimer raised their price target on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $399.17.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $341.13 on Monday. The firm’s 50 day moving average is $372.70 and its two-hundred day moving average is $347.20. The firm has a market capitalization of $13.95 billion, a P/E ratio of 19.94, a PEG ratio of 1.09 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $4.47 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s payout ratio is 25.72%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.