Marshall Wace LLP Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Marshall Wace LLP purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, Holdings Channel reports. The firm purchased 628 shares of the conglomerate’s stock, valued at approximately $254,000.

A number of other institutional investors have also modified their holdings of CSL. V Square Quantitative Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter valued at about $31,000. Virtu Financial LLC purchased a new stake in Carlisle Companies during the 4th quarter worth approximately $471,000. Wellington Management Group LLP grew its position in Carlisle Companies by 1,074.0% during the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after purchasing an additional 139,054 shares during the last quarter. Nomura Holdings Inc. grew its position in Carlisle Companies by 161.6% during the 4th quarter. Nomura Holdings Inc. now owns 8,870 shares of the conglomerate’s stock worth $2,771,000 after purchasing an additional 5,479 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Carlisle Companies during the 1st quarter worth approximately $228,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Up 2.3 %

Shares of CSL opened at $470.25 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $471.49. The firm has a 50-day moving average price of $420.05 and a 200 day moving average price of $411.25. The firm has a market capitalization of $21.74 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.52 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $5.18 earnings per share. Carlisle Companies’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is 14.13%.

Insider Transactions at Carlisle Companies

In other 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their ownership of the stock. 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 firm’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 transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price objective (up from $475.00) on shares of Carlisle Companies in a report 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus target price of $468.75.

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.