Choreo LLC Buys New Position in Carlisle Companies Incorporated (NYSE:CSL)

Choreo LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 652 shares of the conglomerate’s stock, valued at approximately $259,000.

Several other large investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Carlisle Companies in the 4th quarter worth about $31,000. ORG Partners LLC purchased a new stake in Carlisle Companies in the second quarter worth about $31,000. Principal Securities Inc. bought a new stake in Carlisle Companies during the 4th quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $39,000. Institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction dated Monday, July 29th. The stock was 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 directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Carlisle Companies news, 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 transaction 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 approximately $15,157,760.89. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David W. Smith sold 600 shares of the 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 completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

CSL opened at $425.32 on Thursday. The firm has a market cap of $20.25 billion, a PE ratio of 24.66, a P/E/G ratio of 1.30 and a beta of 0.90. The stock has a 50-day moving average price of $410.03 and a 200-day moving average price of $401.61. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year high of $443.87. 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 (NYSE:CSL) last issued its 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. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.18 earnings per share. Sell-side analysts predict that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $1.00 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. Carlisle Companies’s dividend payout ratio (DPR) is presently 23.19%.

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.