Vaughan Nelson Investment Management L.P. Acquires New Position in Carlisle Companies Incorporated $CSL

Vaughan Nelson Investment Management L.P. acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 239,560 shares of the conglomerate’s stock, valued at approximately $76,626,000. Vaughan Nelson Investment Management L.P. owned approximately 0.57% of Carlisle Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Goldman Sachs Group Inc. grew its holdings in shares of Carlisle Companies by 36.9% in 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 during the period. Prudential Financial Inc. increased its position in shares of Carlisle Companies by 21.0% in the second quarter. Prudential Financial Inc. now owns 9,428 shares of the conglomerate’s stock valued at $3,520,000 after buying an additional 1,637 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Carlisle Companies during the 2nd quarter worth $405,000. Choreo LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter worth $521,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Carlisle Companies in the 2nd quarter worth about $25,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the sale, the vice president directly owned 3,697 shares of the company’s stock, valued at $1,530,742.85. The trade was a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,289 shares of company stock worth $28,125,467 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday. Oppenheimer upped their target price on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. William Blair reissued a “market perform” rating on shares of Carlisle Companies in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. upped their price objective on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Carlisle Companies has an average rating of “Hold” and a consensus price target of $399.17.

Carlisle Companies Trading Up 0.1%

CSL stock opened at $325.98 on Tuesday. The business has a fifty day simple moving average of $369.18 and a 200-day simple moving average of $343.23. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.04 and a beta of 0.91. The company has a quick ratio of 2.49, a current ratio of 3.09 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 posted its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. Carlisle Companies’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.47 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

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

Carlisle Companies Profile

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.