Diversified Trust Co. Buys 2,114 Shares of Carlisle Companies Incorporated $CSL

Diversified Trust Co. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 193.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,204 shares of the conglomerate’s stock after purchasing an additional 2,114 shares during the quarter. Diversified Trust Co.’s holdings in Carlisle Companies were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Financial Group LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $730,000. Wedmont Private Capital bought a new position in Carlisle Companies during the fourth quarter worth about $239,000. Nordea Investment Management AB grew its stake in Carlisle Companies by 7.4% in the fourth quarter. Nordea Investment Management AB now owns 19,797 shares of the conglomerate’s stock valued at $6,365,000 after acquiring an additional 1,357 shares during the period. Procyon Advisors LLC grew its stake in Carlisle Companies by 318.9% in the fourth quarter. Procyon Advisors LLC now owns 8,458 shares of the conglomerate’s stock valued at $2,705,000 after acquiring an additional 6,439 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of Carlisle Companies in the fourth quarter worth about $43,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Down 2.0%

Shares of NYSE CSL opened at $333.27 on Friday. The stock’s fifty day moving average is $370.73 and its 200 day moving average is $344.66. The stock has a market capitalization of $13.62 billion, a P/E ratio of 19.48, a PEG ratio of 1.09 and a beta of 0.91. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $4.47 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.3%. Carlisle Companies’s payout ratio is presently 25.72%.

Insider Activity at Carlisle Companies

In related news, CFO Kevin P. Zdimal sold 24,180 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $408.04, for a total value of $9,866,407.20. Following the completion of the transaction, the chief financial officer owned 30,094 shares of the company’s stock, valued at $12,279,555.76. This represents a 44.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total value of $2,524,610.64. Following the completion of the transaction, the insider owned 8,540 shares of the company’s stock, valued at $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 68,289 shares of company stock worth $28,125,467 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CSL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Zacks Research raised shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Robert W. Baird set a $420.00 target price on Carlisle Companies in a research report on Wednesday, February 4th. Oppenheimer boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $399.17.

Carlisle Companies Profile

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.