Cramer Rosenthal Mcglynn LLC Purchases New Shares in Carlisle Companies Incorporated $CSL

Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,350 shares of the conglomerate’s stock, valued at approximately $3,076,000.

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

Analyst Ratings Changes

CSL has been the subject of several research reports. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Oppenheimer upped their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. William Blair assumed coverage on shares of Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $395.83.

Insiders Place Their Bets

In related news, CEO D Christian Koch sold 36,260 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the transaction, the chief executive officer directly owned 113,238 shares in the company, valued at approximately $46,810,324.44. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David W. Smith sold 1,800 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the sale, the vice president owned 3,697 shares in the company, valued at $1,530,742.85. This represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 3.5%

NYSE CSL opened at $375.56 on Friday. The business’s fifty day simple moving average is $369.74 and its 200-day simple moving average is $349.38. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60. The firm has a market cap of $15.35 billion, a PE ratio of 21.95, a P/E/G ratio of 1.25 and a beta of 0.91. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data 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 net margin of 14.76% and a return on equity of 41.58%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $4.47 earnings per share. Carlisle Companies’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies’s payout ratio is presently 25.72%.

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.