Coldstream Capital Management Inc. purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,919 shares of the conglomerate's stock, valued at approximately $452,000.
Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Carlisle Companies by 11.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 567,985 shares of the conglomerate's stock valued at $159,268,000 after acquiring an additional 58,048 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Carlisle Companies by 16.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,043 shares of the conglomerate's stock valued at $965,000 after acquiring an additional 561 shares in the last quarter. TrueWealth Advisors LLC purchased a new stake in Carlisle Companies in the 3rd quarter valued at about $224,000. FMR LLC increased its stake in Carlisle Companies by 12.2% in the 2nd quarter. FMR LLC now owns 994,106 shares of the conglomerate's stock valued at $237,205,000 after buying an additional 108,303 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Carlisle Companies in the 3rd quarter valued at about $662,000. Institutional investors own 89.76% of the company's stock.
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Insider Buying and Selling
In related news, CFO Kevin P. Zdimal sold 8,111 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $253.35, for a total transaction of $2,054,921.85. Following the sale, the chief financial officer now owns 30,515 shares of the company's stock, valued at approximately $7,730,975.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have commented on CSL. StockNews.com began coverage on shares of Carlisle Companies in a research note on Thursday, March 16th. They issued a "buy" rating for the company. Robert W. Baird increased their price objective on shares of Carlisle Companies from $315.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, February 8th. BMO Capital Markets decreased their price objective on shares of Carlisle Companies from $355.00 to $335.00 and set an "outperform" rating for the company in a research note on Tuesday. Oppenheimer decreased their price objective on shares of Carlisle Companies from $360.00 to $345.00 and set an "outperform" rating for the company in a research note on Friday, March 17th. Finally, Wells Fargo & Company raised their price target on shares of Carlisle Companies from $315.00 to $320.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 8th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Carlisle Companies currently has an average rating of "Buy" and an average target price of $329.17.
Carlisle Companies Trading Up 1.0 %
Shares of CSL stock opened at $223.26 on Wednesday. Carlisle Companies Incorporated has a 12-month low of $215.36 and a 12-month high of $318.71. The firm has a market cap of $11.42 billion, a P/E ratio of 12.72, a PEG ratio of 0.60 and a beta of 0.94. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $248.26 and a 200-day moving average of $257.77.
Carlisle Companies (NYSE:CSL – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The conglomerate reported $3.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.86 by $0.06. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Carlisle Companies had a return on equity of 36.27% and a net margin of 14.02%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.92 EPS. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 21.22 earnings per share for the current year.
Carlisle Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 17th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. Carlisle Companies's dividend payout ratio (DPR) is 17.09%.
About Carlisle Companies
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Carlisle Cos., Inc engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the following segments: Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT), and Carlisle Fluid Technologies (CFT).
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