Inspire Investing LLC Has $3.76 Million Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Inspire Investing LLC decreased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 16.0% in the 2nd quarter, Holdings Channel reports. The fund owned 9,288 shares of the conglomerate’s stock after selling 1,771 shares during the period. Inspire Investing LLC’s holdings in Carlisle Companies were worth $3,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CSL. Norges Bank acquired a new position in Carlisle Companies during the 4th quarter worth approximately $159,187,000. Madison Asset Management LLC increased its holdings in shares of Carlisle Companies by 2.9% during the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock worth $125,449,000 after buying an additional 11,464 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Carlisle Companies by 2,073.5% in the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after acquiring an additional 268,685 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Carlisle Companies by 666.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after acquiring an additional 198,191 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI grew its position in Carlisle Companies by 2.6% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 188,234 shares of the conglomerate’s stock worth $73,759,000 after acquiring an additional 4,782 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CSL shares. Robert W. Baird lifted their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research note on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $433.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $425.32 on Thursday. The firm has a market cap of $20.25 billion, a P/E ratio of 24.66, a P/E/G ratio of 1.30 and a beta of 0.90. The stock’s 50 day moving average is $410.03 and its 200 day moving average is $401.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50. Carlisle Companies Incorporated has a one year low of $235.79 and a one year high of $443.87.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (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 firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company earned $5.18 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies Incorporated will post 20.58 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 dividend on an annualized basis and a yield of 0.94%. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s dividend payout ratio is 23.19%.

Insiders Place Their Bets

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

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.