Summit Trail Advisors LLC Acquires 1,333 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Summit Trail Advisors LLC grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 67.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,307 shares of the conglomerate’s stock after buying an additional 1,333 shares during the period. Summit Trail Advisors LLC’s holdings in Carlisle Companies were worth $1,340,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CSL. Private Advisor Group LLC bought a new position in shares of Carlisle Companies during the 4th quarter worth approximately $238,000. Principal Securities Inc. bought a new position in shares of Carlisle Companies in the 4th quarter worth $32,000. Jump Financial LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth $250,000. Janney Montgomery Scott LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth $2,540,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Carlisle Companies by 38.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after purchasing an additional 3,815 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Carlisle Companies Price Performance

CSL opened at $436.98 on Friday. The stock has a market capitalization of $20.80 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The stock’s 50 day moving average price is $410.59 and its 200-day moving average price is $402.95. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $443.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $5.18 earnings per share. Carlisle Companies’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders 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 0.92%. The ex-dividend date was Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.

Insider Buying and Selling at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were 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 owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP David W. Smith sold 600 shares of the business’s 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 sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now 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. Company insiders own 1.50% of the company’s stock.

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.