Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,620 shares of the conglomerate’s stock after acquiring an additional 407 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Carlisle Companies were worth $1,467,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CSL. Equitable Trust Co. increased its stake in Carlisle Companies by 0.4% in 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. Astoria Portfolio Advisors LLC. grew its position in shares of Carlisle Companies by 5.0% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after buying an additional 34 shares during the last quarter. CWM LLC raised its stake in Carlisle Companies by 1.6% during the 2nd quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock worth $1,005,000 after acquiring an additional 38 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in Carlisle Companies by 5.5% in the first quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 41 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Carlisle Companies by 1.1% in 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 in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $454.48 on Friday. The firm has a market cap of $21.63 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.43 and a beta of 0.91. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $455.11. The business’s 50-day moving average price is $414.85 and its 200 day moving average price 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 (NYSE:CSL) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $5.18 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts expect that Carlisle Companies Incorporated will post 20.57 earnings per share for the current year.

Carlisle Companies Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.88%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Insider Transactions at Carlisle Companies

In other 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 transaction of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,206,037.04. 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 Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the stock in a transaction on Friday, July 26th. The stock was 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 in the company, valued at approximately $15,157,760.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David W. Smith sold 600 shares of the business’s 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 sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.