Skandinaviska Enskilda Banken AB publ Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

Skandinaviska Enskilda Banken AB publ grew its stake in Carlisle Companies Incorporated (NYSE:CSL) by 70.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,917 shares of the conglomerate’s stock after buying an additional 21,899 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Carlisle Companies were worth $21,442,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CSL. Norges Bank purchased a new stake in Carlisle Companies during the 4th quarter valued at about $159,187,000. Madison Asset Management LLC increased its holdings in Carlisle Companies by 2.9% in the 4th quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock worth $125,449,000 after buying an additional 11,464 shares during the period. TD Asset Management Inc raised its position in Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock worth $114,125,000 after buying an additional 268,685 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Carlisle Companies by 2.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 234,166 shares of the conglomerate’s stock valued at $94,886,000 after acquiring an additional 6,613 shares during the period. Finally, Zurich Insurance Group Ltd FI boosted its holdings in shares of Carlisle Companies by 2.6% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 188,234 shares of the conglomerate’s stock valued at $73,759,000 after acquiring an additional 4,782 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE CSL opened at $437.02 on Friday. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $410.45 and a 200 day moving average of $402.04.

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

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.92%. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Analyst Ratings Changes

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

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.