Oliver Lagore Vanvalin Investment Group Boosts Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Oliver Lagore Vanvalin Investment Group grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,071 shares of the conglomerate’s stock after buying an additional 348 shares during the period. Carlisle Companies accounts for 0.7% of Oliver Lagore Vanvalin Investment Group’s portfolio, making the stock its 26th biggest holding. Oliver Lagore Vanvalin Investment Group’s holdings in Carlisle Companies were worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co increased its stake in Carlisle Companies by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock worth $26,631,000 after acquiring an additional 4,692 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Carlisle Companies by 51.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after acquiring an additional 4,415 shares during the period. Wellington Management Group LLP boosted its holdings 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 valued at $47,490,000 after acquiring an additional 139,054 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Carlisle Companies by 887.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock valued at $5,443,000 after acquiring an additional 12,484 shares during the period. Finally, Silver Lake Advisory LLC purchased a new position in Carlisle Companies during the 2nd quarter valued at $608,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of CSL stock opened at $444.39 on Friday. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $450.70. The stock has a market capitalization of $21.15 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.43 and a beta of 0.90. The stock has a fifty day simple moving average of $412.02 and a two-hundred day simple moving average of $405.50. 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 (NYSE:CSL) last issued 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. The business 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%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.18 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal 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 is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is 23.19%.

Insider Buying and Selling

In related news, VP David W. Smith sold 600 shares of the company’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 completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Carlisle Companies news, 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 value 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 $15,157,760.89. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSL. 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. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price (up from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $468.75.

Carlisle Companies Company 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.