Aster Capital Management DIFC Ltd Has $1.86 Million Stock Position in Carlisle Companies Incorporated $CSL

Aster Capital Management DIFC Ltd boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 324.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,639 shares of the conglomerate’s stock after acquiring an additional 4,309 shares during the period. Carlisle Companies accounts for 0.9% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 15th biggest position. Aster Capital Management DIFC Ltd’s holdings in Carlisle Companies were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after buying an additional 358,241 shares during the period. Bank of New York Mellon Corp lifted its holdings in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock valued at $345,092,000 after buying an additional 558,710 shares during the period. Bessemer Group Inc. lifted its holdings in Carlisle Companies by 2.5% in the third quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock valued at $215,582,000 after buying an additional 15,834 shares during the period. First Trust Advisors LP boosted its position in Carlisle Companies by 6.7% during the second quarter. First Trust Advisors LP now owns 535,619 shares of the conglomerate’s stock valued at $200,000,000 after acquiring an additional 33,552 shares during the last quarter. Finally, Sands Capital Management LLC acquired a new stake in Carlisle Companies during the 2nd quarter worth about $159,203,000. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevin P. Zdimal sold 24,180 shares of Carlisle Companies stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares in the company, valued at $12,279,555.76. The trade was a 44.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David W. Smith sold 1,800 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the transaction, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 68,289 shares of company stock valued at $28,125,467. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research note on Monday, December 29th. Truist Financial lowered their target price on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price target on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. William Blair initiated coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Finally, Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a research note on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $392.50.

Carlisle Companies Stock Performance

NYSE CSL opened at $395.64 on Friday. The company has a fifty day moving average price of $363.98 and a 200-day moving average price of $349.26. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.26 and a beta of 0.94. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.47 earnings per share. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies’s dividend payout ratio is currently 25.72%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.