Dean Capital Management Purchases New Stake in Carlisle Companies Incorporated $CSL

Dean Capital Management acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,003 shares of the conglomerate’s stock, valued at approximately $988,000.

Several other large investors also recently made changes to their positions in CSL. Elevation Point Wealth Partners LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carlisle Companies in the 2nd quarter valued at $25,000. Traub Capital Management LLC purchased a new position in Carlisle Companies in the second quarter valued at about $28,000. Vermillion & White Wealth Management Group LLC raised its position in Carlisle Companies by 69.6% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Carlisle Companies during the second quarter worth about $36,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Down 0.7%

Shares of Carlisle Companies stock opened at $341.13 on Monday. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92. The company has a market capitalization of $13.95 billion, a PE ratio of 19.94, a P/E/G ratio of 1.09 and a beta of 0.91. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The business has a 50-day moving average of $372.70 and a 200-day moving average of $347.20.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, topping the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.47 earnings per share. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a report on Wednesday, February 4th. Oppenheimer boosted their price target on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. upped their price target on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Finally, William Blair assumed coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $399.17.

Insiders Place Their Bets

In other news, VP David W. Smith sold 1,800 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the transaction, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin P. Zdimal sold 24,180 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 68,289 shares of company stock valued at $28,125,467. Corporate insiders own 1.40% of the company’s stock.

Carlisle Companies Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.