Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 263.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,998 shares of the conglomerate’s stock after purchasing an additional 19,574 shares during the period. Mercer Global Advisors Inc. ADV owned approximately 0.06% of Carlisle Companies worth $10,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meiji Yasuda Life Insurance Co raised its stake in shares of Carlisle Companies by 66.7% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 1,700 shares of the conglomerate’s stock valued at $689,000 after buying an additional 680 shares during the last quarter. Virtu Financial LLC purchased a new position in Carlisle Companies during the second quarter valued at approximately $3,720,000. Plato Investment Management Ltd lifted its holdings in Carlisle Companies by 665.9% in the second quarter. Plato Investment Management Ltd now owns 1,754 shares of the conglomerate’s stock valued at $711,000 after acquiring an additional 1,525 shares during the period. Inspire Advisors LLC boosted its position in Carlisle Companies by 2.4% in the 2nd quarter. Inspire Advisors LLC now owns 2,435 shares of the conglomerate’s stock worth $987,000 after purchasing an additional 58 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Carlisle Companies by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after purchasing an additional 4,017 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlisle Companies news, 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies 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 in the company, valued at $15,157,760.89. The sale 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 company’s stock in a transaction 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 completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Performance

NYSE:CSL opened at $438.58 on Friday. 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 stock has a market capitalization of $20.88 billion, a PE ratio of 25.42, a P/E/G 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 company has a fifty day moving average of $410.20 and a two-hundred day moving average of $401.78.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $5.18 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $1.00 dividend. 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.91%. Carlisle Companies’s payout ratio is currently 23.19%.

Wall Street Analyst Weigh In

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

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.