VELA Investment Management LLC Buys Shares of 15,706 Carlisle Companies Incorporated $CSL

VELA Investment Management LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,706 shares of the conglomerate’s stock, valued at approximately $5,024,000. Carlisle Companies comprises approximately 1.2% of VELA Investment Management LLC’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also recently bought and sold shares of the company. Torren Management LLC bought a new position in shares of Carlisle Companies during the fourth quarter worth about $33,000. Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies during the second quarter worth about $36,000. SBI Securities Co. Ltd. raised its position in shares of Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock worth $37,000 after acquiring an additional 34 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Carlisle Companies during the third quarter worth about $38,000. Finally, LRI Investments LLC bought a new position in shares of Carlisle Companies during the third quarter worth about $41,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Trading Up 0.4%

NYSE CSL opened at $356.62 on Friday. The business has a 50 day simple moving average of $355.16 and a 200 day simple moving average of $345.70. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $435.92. The stock has a market capitalization of $14.43 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.13 and a beta of 0.88. The company has a debt-to-equity ratio of 1.74, a current ratio of 3.38 and a quick ratio of 2.49.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 EPS for the quarter, topping the consensus estimate of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $3.61 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Research analysts expect that Carlisle Companies Incorporated will post 21.13 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, May 18th. Carlisle Companies’s dividend payout ratio (DPR) is 25.87%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction that occurred 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 directly owned 3,697 shares of the company’s stock, valued at $1,530,742.85. This trade represents a 32.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 68,289 shares of company stock worth $28,125,467. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. JPMorgan Chase & Co. raised their price objective on Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Robert W. Baird raised their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a research note on Friday, March 27th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $405.00.

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.