Interval Partners LP Has $6.23 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Interval Partners LP cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 77.4% in the 1st quarter, HoldingsChannel reports. The fund owned 15,899 shares of the conglomerate’s stock after selling 54,451 shares during the period. Interval Partners LP’s holdings in Carlisle Companies were worth $6,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP grew its position in Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Carlisle Companies in the 4th quarter worth about $31,000. Principal Securities Inc. bought a new stake in Carlisle Companies in the 4th quarter worth about $32,000. Sound Income Strategies LLC grew its position in Carlisle Companies by 564.7% in the 1st quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 96 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in Carlisle Companies in the 1st quarter worth about $48,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

CSL stock traded up $1.94 during midday trading on Wednesday, reaching $419.10. 121,307 shares of the company’s stock traded hands, compared to its average volume of 320,675. 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 Incorporated has a 52 week low of $235.79 and a 52 week high of $443.87. The firm has a market capitalization of $19.38 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90. The company has a 50-day moving average price of $416.54 and a two-hundred day moving average price of $383.25.

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

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 target price for the company. Robert W. Baird increased their target price 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. Finally, Oppenheimer increased their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $423.00.

Insider Activity

In other news, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Carlisle Companies news, CAO Stephen Aldrich sold 1,095 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total value of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,129 shares of company stock worth $33,720,377. 1.50% of the stock is currently owned by insiders.

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.