LRT Capital Management LLC Invests $596,000 in Carlisle Companies Incorporated $CSL

LRT Capital Management LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, Holdings Channel.com reports. The fund acquired 1,812 shares of the conglomerate’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CSL. Goldman Sachs Group Inc. lifted its stake in Carlisle Companies by 36.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after acquiring an additional 28,414 shares in the last quarter. Allworth Financial LP increased its stake in Carlisle Companies by 157.1% during the second quarter. Allworth Financial LP now owns 437 shares of the conglomerate’s stock worth $163,000 after purchasing an additional 267 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Carlisle Companies by 1.5% during the second quarter. PNC Financial Services Group Inc. now owns 8,101 shares of the conglomerate’s stock worth $3,025,000 after purchasing an additional 122 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Carlisle Companies by 4.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,088 shares of the conglomerate’s stock valued at $4,140,000 after purchasing an additional 461 shares during the period. Finally, Creative Planning boosted its stake in shares of Carlisle Companies by 2.3% in the second quarter. Creative Planning now owns 8,633 shares of the conglomerate’s stock valued at $3,224,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.9%

CSL stock opened at $334.96 on Tuesday. The company’s 50 day moving average price is $372.75 and its 200 day moving average price is $346.84. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.09 and a beta of 0.91. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09.

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

Carlisle Companies Announces Dividend

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

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president directly owned 3,697 shares in the company, valued at $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction dated 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 sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 68,289 shares of company stock worth $28,125,467. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CSL has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. Oppenheimer boosted their price target on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. William Blair initiated coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Four equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $399.17.

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.