Dai ichi Life Insurance Company Ltd Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,600 shares of the conglomerate’s stock, valued at approximately $1,054,000.

A number of other large investors have also made changes to their positions in CSL. V Square Quantitative Management LLC acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $31,000. ORG Partners LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $31,000. Principal Securities Inc. acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Carlisle Companies in the 2nd quarter valued at approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC acquired a new position in Carlisle Companies during the second quarter worth $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CSL shares. Robert W. Baird raised their price objective on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Oppenheimer reissued an “outperform” rating and set a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $433.00.

Carlisle Companies Trading Up 1.7 %

Shares of CSL stock opened at $418.48 on Tuesday. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87. The firm’s fifty day simple moving average is $409.76 and its 200 day simple moving average is $401.09. The firm has a market capitalization of $19.92 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. 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 announced its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $5.18 earnings per share. Carlisle Companies’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.

Insider Activity

In other news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction 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 filing with the SEC, which is available at this link. In other 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 transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.