Baillie Gifford & Co. Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Baillie Gifford & Co. purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 44,095 shares of the conglomerate’s stock, valued at approximately $17,279,000. Baillie Gifford & Co. owned approximately 0.09% of Carlisle Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CSL. Allworth Financial LP grew its position in shares of Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $31,000. Principal Securities Inc. bought a new stake in Carlisle Companies during the 4th quarter worth approximately $32,000. Tennessee Valley Asset Management Partners purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $40,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Carlisle Companies by 38.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock valued at $43,000 after purchasing an additional 3,815 shares during the period. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David W. Smith sold 2,037 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. Insiders sold 58,059 shares of company stock valued at $24,334,065 over the last quarter. 1.50% of the stock is owned by company insiders.

Carlisle Companies Trading Down 0.5 %

Carlisle Companies stock traded down $1.90 during trading hours on Friday, reaching $406.95. The stock had a trading volume of 217,498 shares, compared to its average volume of 417,843. The stock has a market cap of $19.37 billion, a PE ratio of 23.59, a PEG ratio of 1.37 and a beta of 0.90. The company has a fifty day simple moving average of $412.13 and a 200-day simple moving average of $368.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $430.21.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.98. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. Analysts forecast that Carlisle Companies Incorporated will post 19.93 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. Loop Capital boosted their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. Oppenheimer upped their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Robert W. Baird lifted their price objective on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $416.00.

Carlisle Companies Company 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.