Matrix Private Capital Group LLC Increases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Matrix Private Capital Group LLC lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,215 shares of the conglomerate’s stock after buying an additional 63 shares during the period. Matrix Private Capital Group LLC’s holdings in Carlisle Companies were worth $492,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $31,000. ORG Partners LLC bought a new stake in Carlisle Companies during the second quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Carlisle Companies during the second quarter worth $32,000. Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies during the second quarter worth $39,000. Finally, Sound Income Strategies LLC lifted its holdings in Carlisle Companies by 564.7% during the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 35,641 shares in the company, valued at approximately $15,157,760.89. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP David W. Smith sold 600 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the transaction, 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. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Stock Performance

Shares of CSL opened at $444.65 on Friday. The firm has a market cap of $20.56 billion, a PE ratio of 25.78, a PEG ratio of 1.43 and a beta of 0.90. The stock’s fifty day moving average price is $411.47 and its two-hundred day moving average price is $404.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $445.29.

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

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CSL shares. Robert W. Baird lifted their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Oppenheimer reiterated an “outperform” rating and set a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $468.75.

About Carlisle Companies

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.