Carlisle Companies Incorporated (NYSE:CSL) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,143 shares of the conglomerate’s stock after purchasing an additional 4,017 shares during the period. Envestnet Asset Management Inc. owned approximately 0.37% of Carlisle Companies worth $71,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Equitable Trust Co. lifted its stake 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 during the last quarter. Commerce Bank lifted its stake in Carlisle Companies by 1.4% during the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock valued at $768,000 after purchasing an additional 34 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in Carlisle Companies by 5.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after purchasing an additional 34 shares during the last quarter. CWM LLC lifted its stake in Carlisle Companies by 1.6% during the second quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after purchasing an additional 38 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in Carlisle Companies by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after purchasing an additional 41 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 600 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total transaction of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $9,130,976.30. Following 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 document filed with the SEC, which is accessible through the SEC website. Also, VP David W. Smith sold 600 shares of the stock in a transaction 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 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 Analyst Weigh In

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

Carlisle Companies Stock Up 0.6 %

Carlisle Companies stock opened at $420.65 on Wednesday. The firm has a market cap of $20.02 billion, a PE ratio of 24.39, a P/E/G ratio of 1.30 and a beta of 0.90. 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 firm’s 50 day moving average price is $409.76 and its two-hundred day moving average price is $401.09. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.40. The firm 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 company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.18 EPS. On average, research analysts predict that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.95%. 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%.

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.