Gallo Partners LP Acquires Shares of 2,471 Carlisle Companies Incorporated (NYSE:CSL)

Gallo Partners LP bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,471 shares of the conglomerate's stock, valued at approximately $911,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its position in shares of Carlisle Companies by 475.0% during the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock worth $25,000 after buying an additional 57 shares during the period. GeoWealth Management LLC boosted its position in Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock worth $53,000 after acquiring an additional 29 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares in the last quarter. Quarry LP increased its holdings in shares of Carlisle Companies by 39.8% during the fourth quarter. Quarry LP now owns 186 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 53 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock valued at $69,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $6.68 during mid-day trading on Friday, hitting $386.47. The company's stock had a trading volume of 263,668 shares, compared to its average volume of 390,915. The stock has a market capitalization of $16.72 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The stock's fifty day moving average price is $345.80 and its two-hundred day moving average price is $385.08. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (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 business 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 company's quarterly revenue was down .1% on a year-over-year basis. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Insiders Place Their Bets

In other 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 value of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSL shares. StockNews.com cut shares of Carlisle Companies from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Robert W. Baird boosted their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Finally, Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $454.00.

Carlisle Companies 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.