Seven Eight Capital LP Buys Shares of 2,939 Carlisle Companies Incorporated (NYSE:CSL)

Seven Eight Capital LP purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the second quarter, Holdings Channel.com reports. The fund purchased 2,939 shares of the conglomerate’s stock, valued at approximately $1,191,000.

Other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its position in Carlisle Companies by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock worth $26,631,000 after purchasing an additional 4,692 shares during the period. Daiwa Securities Group Inc. boosted its stake in Carlisle Companies by 51.2% during the first quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after buying an additional 4,415 shares in the last quarter. Wellington Management Group LLP grew its holdings in Carlisle Companies by 1,074.0% during the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after acquiring an additional 139,054 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Carlisle Companies by 887.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock worth $5,443,000 after acquiring an additional 12,484 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Carlisle Companies by 38.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 3,815 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer restated an “outperform” rating and issued a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, Robert W. Baird increased their price objective on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and four 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 an average price target of $433.00.

Carlisle Companies Stock Up 3.1 %

CSL stock opened at $438.58 on Friday. The company’s 50 day simple moving average is $410.20 and its 200-day simple moving average is $401.78. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $443.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. The firm has a market capitalization of $20.88 billion, a P/E ratio of 25.42, a P/E/G ratio of 1.30 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned $5.18 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.

Insider Activity

In related news, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares in the company, valued at $15,157,760.89. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

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.