DNB Asset Management AS Has $4.83 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

DNB Asset Management AS raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,915 shares of the conglomerate’s stock after purchasing an additional 131 shares during the quarter. DNB Asset Management AS’s holdings in Carlisle Companies were worth $4,828,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CSL. Allworth Financial LP grew its position in shares of Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC acquired a new stake in Carlisle Companies during the fourth quarter worth approximately $31,000. Principal Securities Inc. bought a new position in Carlisle Companies during the 4th quarter worth $32,000. Sound Income Strategies LLC increased its position in shares of Carlisle Companies by 564.7% in the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after purchasing an additional 96 shares during the period. Finally, Rise Advisors LLC bought a new stake in Carlisle Companies during the first quarter worth about $48,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 1.6 %

NYSE CSL opened at $383.05 on Wednesday. The firm has a market capitalization of $18.23 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The business’s 50-day moving average price is $413.67 and its two-hundred day moving average price is $386.41. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the business posted $5.18 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, analysts expect that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. This represents a $4.00 annualized dividend and a dividend yield of 1.04%. Carlisle Companies’s dividend payout ratio (DPR) is 23.19%.

Insider Activity

In other news, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $36,399,039.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the transaction, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO D Christian Koch sold 54,927 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The disclosure for this sale can be found here. Insiders have sold 76,997 shares of company stock valued at $32,458,948 in the last ninety days. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CSL. Oppenheimer raised their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird boosted their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $423.00.

About Carlisle Companies

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.