1,812 Shares in Carlisle Companies Incorporated $CSL Acquired by LRT Capital Management LLC

LRT Capital Management LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,812 shares of the conglomerate’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares in the last quarter. Barclays PLC grew its stake in Carlisle Companies by 947.3% during the 3rd quarter. Barclays PLC now owns 499,341 shares of the conglomerate’s stock valued at $164,263,000 after acquiring an additional 451,662 shares in the last quarter. Sands Capital Management LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at about $159,203,000. JPMorgan Chase & Co. raised its holdings in Carlisle Companies by 33.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock valued at $536,842,000 after acquiring an additional 358,241 shares during the last quarter. Finally, Norges Bank purchased a new position in Carlisle Companies in the 2nd quarter worth approximately $128,856,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the transaction, the vice president owned 3,697 shares of the company’s stock, valued at $1,530,742.85. This represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. This trade represents a 41.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 68,289 shares of company stock worth $28,125,467. 1.40% of the stock is owned by corporate insiders.

Carlisle Companies Trading Down 1.9%

CSL opened at $334.96 on Tuesday. The stock has a market capitalization of $13.69 billion, a PE ratio of 19.58, a P/E/G ratio of 1.09 and a beta of 0.91. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. The business’s 50 day moving average price is $372.75 and its 200 day moving average price is $346.84.

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

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s payout ratio is 25.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CSL. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Robert W. Baird set a $420.00 price objective on Carlisle Companies in a research report on Wednesday, February 4th. Oppenheimer boosted their price objective on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. upped their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, William Blair assumed coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating for the company. Four 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $399.17.

About Carlisle Companies

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.