Intech Investment Management LLC Has $13.27 Million Position in Carlisle Companies Incorporated $CSL

Intech Investment Management LLC lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 20.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,347 shares of the conglomerate’s stock after buying an additional 6,828 shares during the quarter. Intech Investment Management LLC’s holdings in Carlisle Companies were worth $13,273,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CSL. Bridges Investment Management Inc. lifted its holdings in Carlisle Companies by 221.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock worth $48,721,000 after purchasing an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after buying an additional 8,701 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Carlisle Companies during the 3rd quarter worth $540,000. EFG Asset Management North America Corp. lifted its holdings in shares of Carlisle Companies by 11.3% during the second quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock worth $3,260,000 after buying an additional 885 shares in the last quarter. Finally, M&G PLC bought a new stake in shares of Carlisle Companies in the third quarter valued at about $11,913,000. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephen Schwar sold 6,049 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total value of $2,524,610.64. Following the transaction, the insider directly owned 8,540 shares in the company, valued at $3,564,254.40. This trade represents a 41.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total value of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares of the company’s stock, valued at $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. Insiders have sold 68,289 shares of company stock worth $28,125,467 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $395.64 on Friday. The firm has a 50 day moving average of $363.98 and a 200-day moving average of $349.26. The stock has a market capitalization of $16.17 billion, a PE ratio of 23.12, a PEG ratio of 1.26 and a beta of 0.94. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month 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 for the quarter, beating the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $4.47 earnings per share. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSL. Truist Financial lowered their price target on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a research report on Wednesday, February 4th. JPMorgan Chase & Co. cut their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, William Blair started coverage on Carlisle Companies in a research report on Friday, January 30th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $392.50.

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.