Quantbot Technologies LP Makes New Investment in Carlisle Companies Incorporated $CSL

Key Points

• Quantbot Technologies LP established a new stake in Carlisle (NYSE:CSL) in Q3, buying 4,444 shares valued at approximately $1.46 million.
• Insider selling was substantial: CFO Kevin Zdimal sold 24,180 shares and CEO D. Christian Koch sold 36,260 shares (total 68,289 shares) worth about $28.1 million, leaving insiders with roughly 1.5% ownership.
• Carlisle beat quarterly EPS estimates ($3.90 vs. $3.60) with revenue slightly above expectations, while analysts hold a consensus rating of "Hold" (consensus target $395.83) and Oppenheimer recently raised its target to $435 with an "Outperform" rating.

Quantbot Technologies LP bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,444 shares of the conglomerate's stock, valued at approximately $1,462,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CSL. JPMorgan Chase & Co. grew its position in shares of Carlisle Companies by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate's stock valued at $536,842,000 after purchasing an additional 358,241 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Carlisle Companies by 113.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate's stock valued at $345,092,000 after purchasing an additional 558,710 shares during the period. Bessemer Group Inc. grew its holdings in Carlisle Companies by 2.5% in the 3rd quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate's stock valued at $215,582,000 after buying an additional 15,834 shares during the last quarter. First Trust Advisors LP increased its position in Carlisle Companies by 6.7% in the 2nd quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate's stock worth $200,000,000 after buying an additional 33,552 shares during the period. Finally, Sands Capital Management LLC acquired a new position in shares of Carlisle Companies during the second quarter worth approximately $159,203,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on CSL shares. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlisle Companies in a report on Monday, December 29th. William Blair started coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They issued a "market perform" rating for the company. Finally, Oppenheimer raised their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $395.83.

Insider Activity at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer directly owned 30,094 shares of the company's stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO D Christian Koch sold 36,260 shares of Carlisle Companies stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the sale, the chief executive officer directly owned 113,238 shares in the company, valued at $46,810,324.44. This represents a 24.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 68,289 shares of company stock valued at $28,125,467 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Trading Down 3.5%

NYSE:CSL opened at $375.56 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The business's 50-day simple moving average is $369.74 and its 200-day simple moving average is $349.38. Carlisle Companies Incorporated has a fifty-two week low of $293.43 and a fifty-two week high of $435.92. The stock has a market capitalization of $15.35 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the business earned $4.47 EPS. Carlisle Companies's revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, February 17th. Carlisle Companies's payout ratio is currently 25.72%.

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.

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