Harvey Investment Co. LLC Buys 6,435 Shares of Carlisle Companies Incorporated $CSL

Key Points

• Harvey Investment Co. LLC boosted its Carlisle stake by 183.9% in Q4, acquiring 6,435 shares to hold 9,935 shares valued at about $3.18 million.
• Insider selling has been significant — the CFO sold 24,180 shares (~$9.87M) and insiders sold 68,289 shares (~$28.13M) in the last 90 days, leaving insiders with 1.3% ownership.
• Carlisle beat estimates, reporting $3.90 EPS vs. $3.60 expected with modest revenue growth, declared a $1.10 quarterly dividend (1.3% yield), and carries a consensus analyst rating of "Hold" with a $399.17 target.

Harvey Investment Co. LLC lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 183.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,935 shares of the conglomerate's stock after acquiring an additional 6,435 shares during the quarter. Harvey Investment Co. LLC's holdings in Carlisle Companies were worth $3,178,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new stake in Carlisle Companies in the 2nd quarter worth approximately $36,000. SBI Securities Co. Ltd. grew its holdings in Carlisle Companies by 43.0% during the third quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate's stock valued at $37,000 after purchasing an additional 34 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Carlisle Companies in the third quarter valued at approximately $38,000. LRI Investments LLC bought a new position in shares of Carlisle Companies in the third quarter valued at approximately $41,000. Finally, Hilltop National Bank acquired a new stake in shares of Carlisle Companies in the fourth quarter worth $43,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Up 1.9%

Shares of CSL stock opened at $350.50 on Friday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. 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 $14.33 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95. The stock has a 50 day moving average of $367.06 and a 200-day moving average of $342.80.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced 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 business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $4.47 earnings per share. Carlisle Companies's quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies's dividend payout ratio (DPR) is currently 25.72%.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 1,800 shares of the business's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the transaction, the vice president owned 3,697 shares in the company, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin P. Zdimal sold 24,180 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 68,289 shares of company stock valued at $28,125,467. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CSL. William Blair reaffirmed a "market perform" rating on shares of Carlisle Companies in a report on Wednesday, March 18th. JPMorgan Chase & Co. lifted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an "overweight" rating in a report on Monday, March 9th. Zacks Research raised shares of Carlisle Companies from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Weiss Ratings restated a "hold (c)" rating on shares of Carlisle Companies in a report on Friday, March 27th. Finally, Oppenheimer raised their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $399.17.

Carlisle Companies Company 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.

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