Skandinaviska Enskilda Banken AB publ Purchases 21,899 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Skandinaviska Enskilda Banken AB publ increased its stake in Carlisle Companies Incorporated (NYSE:CSL) by 70.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,917 shares of the conglomerate’s stock after acquiring an additional 21,899 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.11% of Carlisle Companies worth $21,442,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP David W. Smith sold 600 shares of Carlisle Companies 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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction that occurred 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 sale, 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. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Stock Down 0.3 %

Shares of Carlisle Companies stock opened at $437.02 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.30 and a beta of 0.90. The firm’s 50-day moving average is $410.45 and its two-hundred day moving average is $402.04. Carlisle Companies Incorporated has a 1 year low of $235.79 and a 1 year 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $5.18 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.92%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio (DPR) is presently 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.