Tudor Investment Corp ET AL Makes New $3.66 Million Investment in Carlisle Companies Incorporated $CSL

Key Points

• Tudor Investment Corp bought a new position of 11,111 shares in Carlisle worth about $3.66 million in the third quarter, while institutional investors now own roughly 89.52% of the company.
• Carlisle beat Q earnings expectations, reporting EPS of $3.90 versus the $3.60 consensus and revenue of $1.13 billion, with a net margin of 14.76% and return on equity of 41.58%.
• Company insiders have been net sellers recently: the CFO sold 24,180 shares (~$9.87 million) and insiders sold 68,289 shares (~$28.13 million) in the last 90 days, leaving insiders with about 1.30% ownership.

Tudor Investment Corp ET AL purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,111 shares of the conglomerate's stock, valued at approximately $3,655,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. lifted its stake in Carlisle Companies by 221.3% during the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate's stock worth $48,721,000 after purchasing an additional 102,014 shares during the period. Envestnet Asset Management Inc. lifted its stake in Carlisle Companies by 4.0% during the third quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate's stock worth $74,847,000 after purchasing an additional 8,701 shares during the period. Citigroup Inc. lifted its stake in Carlisle Companies by 51.8% during the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate's stock worth $9,321,000 after purchasing an additional 9,673 shares during the period. Impact Partnership Wealth LLC bought a new position in Carlisle Companies during the third quarter worth about $540,000. Finally, M&G PLC bought a new position in Carlisle Companies during the third quarter worth about $11,913,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $350.50 on Friday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The firm has a 50 day moving average of $367.06 and a 200-day moving average of $342.80. The company has a current ratio of 3.09, a quick ratio of 2.49 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $14.33 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95.

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, beating analysts' consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the company posted $4.47 earnings per share. Carlisle Companies's quarterly revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on CSL shares. JPMorgan Chase & Co. raised their price target on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an "overweight" rating in a research note on Monday, March 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlisle Companies in a research note on Friday, March 27th. William Blair reiterated a "market perform" rating on shares of Carlisle Companies in a research note on Wednesday, March 18th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a research note on Wednesday, February 4th. Finally, Oppenheimer lifted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $399.17.

Insider Activity at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 30,094 shares of the company's stock, valued at $12,279,555.76. This trade represents a 44.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction 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 approximately $1,530,742.85. This represents a 32.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In 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 company insiders.

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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