Silver Lake Advisory LLC Invests $608,000 in Carlisle Companies Incorporated (NYSE:CSL)

Silver Lake Advisory LLC purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the conglomerate’s stock, valued at approximately $608,000.

A number of other large investors have also added to or reduced their stakes in CSL. Creative Planning lifted its position in shares of Carlisle Companies by 11.0% during the 2nd quarter. Creative Planning now owns 6,010 shares of the conglomerate’s stock valued at $2,435,000 after acquiring an additional 594 shares during the period. Driehaus Capital Management LLC lifted its position in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares during the period. Oliver Lagore Vanvalin Investment Group grew its stake in Carlisle Companies by 6.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 6,071 shares of the conglomerate’s stock worth $2,460,000 after buying an additional 348 shares in the last quarter. Scientech Research LLC increased its holdings in Carlisle Companies by 16.4% in the 2nd quarter. Scientech Research LLC now owns 3,285 shares of the conglomerate’s stock valued at $1,331,000 after buying an additional 464 shares during the period. Finally, Shellback Capital LP raised its position in shares of Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after buying an additional 65,600 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird boosted 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $468.75.

Insider Transactions at Carlisle Companies

In related news, 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 value of $9,130,976.30. Following the completion of the transaction, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the business’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 sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David W. Smith sold 600 shares of the company’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 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 disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $444.59 on Monday. The stock has a market cap of $21.16 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The company has a 50 day simple moving average of $412.02 and a 200 day simple moving average of $406.11. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $450.70.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $5.18 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders 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 of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

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.