Carlisle Companies Incorporated (NYSE:CSL) Holdings Increased by Shellback Capital LP

Shellback Capital LP grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 451.9% in the second quarter, Holdings Channel reports. The firm owned 80,118 shares of the conglomerate’s stock after acquiring an additional 65,600 shares during the period. Carlisle Companies accounts for approximately 2.4% of Shellback Capital LP’s holdings, making the stock its 10th largest position. Shellback Capital LP’s holdings in Carlisle Companies were worth $32,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Equitable Trust Co. boosted its position in Carlisle Companies by 0.4% in the 2nd quarter. Equitable Trust Co. now owns 8,589 shares of the conglomerate’s stock valued at $3,480,000 after buying an additional 30 shares during the period. Commerce Bank raised its stake in Carlisle Companies by 1.4% in the fourth quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after buying an additional 34 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its position in Carlisle Companies by 5.0% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after acquiring an additional 34 shares in the last quarter. CWM LLC boosted its position in Carlisle Companies by 1.6% during the 2nd quarter. CWM LLC now owns 2,481 shares of the conglomerate’s stock valued at $1,005,000 after acquiring an additional 38 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Carlisle Companies by 5.5% in the 1st quarter. First Trust Direct Indexing L.P. now owns 785 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 41 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $444.65 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $235.79 and a fifty-two week high of $445.29. The company has a market cap of $20.56 billion, a PE ratio of 25.78, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.50 and a current ratio of 2.89. The business has a 50-day simple moving average of $411.47 and a two-hundred day simple moving average of $404.90.

Carlisle Companies (NYSE:CSL) last released its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.84 by $0.40. Carlisle Companies had a net margin of 27.88% and a return on equity of 31.65%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $5.18 EPS. Carlisle Companies’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Carlisle Companies Incorporated will post 20.57 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.90%. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Insider Buying and Selling

In other Carlisle Companies news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now owns 35,641 shares in the company, valued at approximately $15,157,760.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP David W. Smith sold 600 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were 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 approximately $1,206,037.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies 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 sale, the chief financial officer now 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 currently owned by company insiders.

Analysts Set New Price Targets

CSL has been the subject of a number of analyst reports. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird increased their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price objective (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $468.75.

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.