DNB Asset Management AS Raises Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

DNB Asset Management AS grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,915 shares of the conglomerate’s stock after acquiring an additional 131 shares during the quarter. DNB Asset Management AS’s holdings in Carlisle Companies were worth $4,828,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Birch Hill Investment Advisors LLC boosted its stake in Carlisle Companies by 50.5% during the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock worth $4,491,000 after purchasing an additional 4,820 shares during the period. Mawer Investment Management Ltd. purchased a new position in shares of Carlisle Companies during the fourth quarter worth about $3,174,000. CANADA LIFE ASSURANCE Co increased its position in Carlisle Companies by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after acquiring an additional 4,692 shares during the period. Daiwa Securities Group Inc. raised its stake in Carlisle Companies by 51.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after acquiring an additional 4,415 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Carlisle Companies by 1,074.0% during the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the topic of a number of recent research reports. Oppenheimer boosted their target price on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird boosted their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $423.00.

Insider Buying and Selling at Carlisle Companies

In other news, VP David W. Smith sold 600 shares of the business’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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $36,399,039.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP David W. Smith sold 600 shares of the firm’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 completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. In the last three months, insiders sold 76,997 shares of company stock worth $32,458,948. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Performance

NYSE:CSL opened at $383.05 on Wednesday. The firm’s fifty day simple moving average is $413.67 and its 200-day simple moving average is $386.41. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $18.23 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $443.87.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Wednesday, July 24th. The conglomerate reported $6.24 EPS 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 firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm earned $5.18 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal 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 issued a $1.00 dividend. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date is Tuesday, August 20th. This represents a $4.00 annualized dividend and a yield of 1.04%. Carlisle Companies’s dividend payout ratio is 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.