Marathon Trading Investment Management LLC Makes New $228,000 Investment in Carlisle Companies Incorporated (NYSE:CSL)

Marathon Trading Investment Management LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 562 shares of the conglomerate’s stock, valued at approximately $228,000.

Several other hedge funds have also modified their holdings of CSL. Private Advisor Group LLC acquired a new stake in Carlisle Companies in the fourth quarter valued at $238,000. Principal Securities Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at about $32,000. BNP Paribas Financial Markets boosted its holdings in Carlisle Companies by 49.3% during the fourth quarter. BNP Paribas Financial Markets now owns 12,150 shares of the conglomerate’s stock worth $3,796,000 after buying an additional 4,012 shares in the last quarter. Jump Financial LLC acquired a new position in Carlisle Companies during the fourth quarter worth about $250,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Carlisle Companies by 3.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock valued at $475,000 after buying an additional 45 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $425.32 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.30 and a beta of 0.90. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87. The stock has a fifty day moving average of $410.03 and a two-hundred day moving average of $401.61.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.18 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal 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 paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. 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 dividend payout ratio is currently 23.19%.

Insiders Place Their Bets

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction on 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP David W. Smith sold 600 shares of the firm’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 value of $255,336.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.