Los Angeles Capital Management LLC Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Los Angeles Capital Management LLC acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 582 shares of the conglomerate’s stock, valued at approximately $228,000.

Several other institutional investors have also bought and sold shares of CSL. Commerce Bank lifted its stake in shares of Carlisle Companies by 1.4% in the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after acquiring an additional 34 shares during the period. Allworth Financial LP boosted its stake in Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Carlisle Companies by 3.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock valued at $475,000 after purchasing an additional 45 shares during the period. Benson Investment Management Company Inc. raised its stake in shares of Carlisle Companies by 0.4% in the 4th quarter. Benson Investment Management Company Inc. now owns 11,011 shares of the conglomerate’s stock worth $3,440,000 after buying an additional 47 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Carlisle Companies by 25.5% in the fourth quarter. Signaturefd LLC now owns 246 shares of the conglomerate’s stock valued at $77,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CSL. Robert W. Baird boosted their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. Finally, Oppenheimer increased their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $416.00.

Carlisle Companies Stock Down 0.3 %

Shares of NYSE:CSL opened at $411.23 on Friday. The firm has a 50 day simple moving average of $409.00 and a 200 day simple moving average of $364.70. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $430.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The company has a market cap of $19.57 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.39 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. As a group, research analysts expect that Carlisle Companies Incorporated will post 19.93 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. Carlisle Companies’s payout ratio is presently 19.71%.

Insider Buying and Selling at Carlisle Companies

In related news, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at $36,399,039.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at approximately $645,540. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,059 shares of company stock valued at $24,334,065 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

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.