Aquatic Capital Management LLC Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Aquatic Capital Management LLC increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,398 shares of the conglomerate's stock after purchasing an additional 1,638 shares during the quarter. Aquatic Capital Management LLC's holdings in Carlisle Companies were worth $3,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CSL. TD Private Client Wealth LLC lifted its stake in shares of Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after acquiring an additional 57 shares during the last quarter. GeoWealth Management LLC lifted its position in Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock valued at $59,000 after purchasing an additional 78 shares during the period. UMB Bank n.a. grew its holdings in shares of Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after purchasing an additional 67 shares during the last quarter. Finally, MV Capital Management Inc. increased its stake in shares of Carlisle Companies by 253.5% in the fourth quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock worth $93,000 after buying an additional 180 shares during the period. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Mehul Patel sold 150 shares of the stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSL. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Truist Financial reduced their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, StockNews.com cut shares of Carlisle Companies from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $454.00.

Carlisle Companies Stock Up 1.8 %

Shares of NYSE:CSL traded up $6.68 during midday trading on Friday, reaching $386.47. The company's stock had a trading volume of 263,668 shares, compared to its average volume of 390,915. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $345.80 and a 200-day moving average of $385.08. The firm has a market capitalization of $16.72 billion, a P/E ratio of 13.99, a PEG ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the firm posted $3.72 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.04%. Carlisle Companies's payout ratio is presently 14.89%.

Carlisle Companies Company Profile

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.