Handelsbanken Fonder AB Buys 35,000 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Handelsbanken Fonder AB boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 36.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,209 shares of the conglomerate’s stock after purchasing an additional 35,000 shares during the period. Handelsbanken Fonder AB owned about 0.27% of Carlisle Companies worth $58,561,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Equitable Trust Co. lifted its holdings in Carlisle Companies by 0.4% during the second quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock valued at $3,480,000 after purchasing an additional 30 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in Carlisle Companies by 5.0% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock worth $265,000 after buying an additional 34 shares during the period. CWM LLC increased its stake in Carlisle Companies by 1.6% in the 2nd quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock worth $1,005,000 after buying an additional 38 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Carlisle Companies by 5.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock worth $308,000 after buying an additional 41 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Carlisle Companies by 1.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock valued at $1,511,000 after acquiring an additional 43 shares during the period. Institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

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 stock was 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 $15,157,760.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Kevin P. Zdimal sold 21,470 shares of the business’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 owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 600 shares of the firm’s stock in a transaction on 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 owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $6.59 during midday trading on Friday, reaching $454.48. 261,525 shares of the stock traded hands, compared to its average volume of 325,265. The stock has a market cap of $21.63 billion, a P/E ratio of 26.35, a PEG ratio of 1.43 and a beta of 0.91. The stock’s fifty day moving average is $414.85 and its 200-day moving average is $408.42. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $455.11.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion during 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%. Carlisle Companies’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $5.18 earnings per share. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.88%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is currently 23.19%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird increased their target price on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Oppenheimer reissued an “outperform” rating and issued a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $468.75.

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.