Lecap Asset Management Ltd. Acquires New Stake in Carlisle Companies Incorporated (NYSE:CSL)

Lecap Asset Management Ltd. purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,651 shares of the conglomerate's stock, valued at approximately $1,141,000.

Several other large investors also recently modified their holdings of CSL. Allworth Financial LP boosted its position in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after buying an additional 40 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $29,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Carlisle Companies during the fourth quarter worth about $40,000. Artemis Wealth Advisors LLC acquired a new position in shares of Carlisle Companies during the second quarter worth about $42,000. Finally, Signaturefd LLC boosted its position in shares of Carlisle Companies by 28.9% during the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate's stock worth $51,000 after buying an additional 44 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 700 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $959,422.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 700 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $959,422.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the firm's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock worth $5,231,360 in the last 90 days. Company insiders own 1.50% of the company's stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL traded down $4.50 during trading hours on Friday, reaching $373.14. 293,189 shares of the stock were exchanged, compared to its average volume of 298,159. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. Carlisle Companies Incorporated has a 52 week low of $205.10 and a 52 week high of $403.44. The stock's fifty day simple moving average is $364.52 and its 200 day simple moving average is $312.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $3.92 earnings per share. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that Carlisle Companies Incorporated will post 18.7 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.91%. Carlisle Companies's dividend payout ratio (DPR) is presently 22.31%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird increased their price target on Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. The Goldman Sachs Group began coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They issued a "buy" rating and a $455.00 price objective for the company. Loop Capital raised their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research report on Monday, April 1st. StockNews.com raised Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. Finally, Oppenheimer raised their price objective on Carlisle Companies from $355.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $389.17.

About Carlisle Companies

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.