Swedbank AB Makes New $31.22 Million Investment in Carlisle Companies Incorporated (NYSE:CSL)

Swedbank AB acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 79,669 shares of the conglomerate’s stock, valued at approximately $31,218,000.

A number of other institutional investors have also recently added to or reduced their stakes in CSL. Allworth Financial LP lifted its holdings 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 buying an additional 40 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Carlisle Companies in the 4th quarter worth $31,000. Principal Securities Inc. acquired a new position in Carlisle Companies in the 4th quarter worth $32,000. Tennessee Valley Asset Management Partners acquired a new position in Carlisle Companies in the 4th quarter worth $40,000. Finally, Robeco Institutional Asset Management B.V. raised its stake 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 valued at $43,000 after purchasing an additional 3,815 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSL. Robert W. Baird upped 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. Oppenheimer upped their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $423.00.

Insiders Place Their Bets

In other news, VP David W. Smith sold 600 shares of the company’s 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 completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP David W. Smith sold 600 shares of the company’s 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 completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David W. Smith sold 2,037 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,034 shares of company stock worth $33,285,114. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $397.27 on Friday. 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 Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87. The firm has a 50-day simple moving average of $415.46 and a 200 day simple moving average of $384.30. The company has a market cap of $18.37 billion, a PE ratio of 23.03, a P/E/G ratio of 1.31 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating 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 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% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be given a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 1.01%. Carlisle Companies’s dividend payout ratio is 19.71%.

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.