Intech Investment Management LLC Buys 29,597 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Intech Investment Management LLC increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1,423.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,676 shares of the conglomerate’s stock after acquiring an additional 29,597 shares during the quarter. Intech Investment Management LLC’s holdings in Carlisle Companies were worth $12,835,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CSL. Norges Bank bought a new position in Carlisle Companies during the fourth quarter worth $159,187,000. TD Asset Management Inc increased its position in Carlisle Companies by 2,073.5% during the second quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after acquiring an additional 268,685 shares during the period. Public Employees Retirement Association of Colorado increased its position in Carlisle Companies by 666.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after acquiring an additional 198,191 shares during the period. Wellington Management Group LLP increased its position in Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the period. Finally, Swedbank AB bought a new position in Carlisle Companies during the first quarter worth $31,218,000. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Oppenheimer restated an “outperform” rating and issued a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Finally, StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $433.00.

Carlisle Companies Stock Down 0.3 %

CSL opened at $437.02 on Friday. The firm’s 50-day simple moving average is $410.45 and its 200-day simple moving average is $402.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.30 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm earned $5.18 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued 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 was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.92%. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

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.