GAMMA Investing LLC Decreases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

GAMMA Investing LLC trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 965 shares of the conglomerate’s stock after selling 52 shares during the quarter. GAMMA Investing LLC’s holdings in Carlisle Companies were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Capital Market Strategies LLC increased its stake in shares of Carlisle Companies by 6.6% in the second quarter. Capital Market Strategies LLC now owns 746 shares of the conglomerate’s stock worth $302,000 after buying an additional 46 shares during the period. Railway Pension Investments Ltd purchased a new position in shares of Carlisle Companies in the first quarter worth $1,136,000. Cetera Advisors LLC purchased a new position in shares of Carlisle Companies in the first quarter worth $811,000. Cetera Investment Advisers increased its stake in shares of Carlisle Companies by 188.0% in the first quarter. Cetera Investment Advisers now owns 8,255 shares of the conglomerate’s stock worth $3,235,000 after buying an additional 5,389 shares during the period. Finally, Swedbank AB purchased a new position in shares of Carlisle Companies in the first quarter worth $31,218,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CSL. Oppenheimer lifted their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Robert W. Baird lifted their price target on shares of Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $423.00.

Insider Activity

In other news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the sale, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David W. Smith sold 600 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total transaction of $255,336.00. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,997 shares of company stock worth $32,458,948. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 5.5 %

Shares of CSL stock traded down $21.86 during mid-day trading on Monday, reaching $375.41. 786,868 shares of the company’s stock traded hands, compared to its average volume of 327,374. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $443.87. The company has a market cap of $17.87 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a quick ratio of 2.50, a current ratio of 2.89 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $415.46 and its 200-day moving average price is $385.42.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 EPS for the quarter, beating 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 analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $5.18 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Tuesday, August 20th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is 23.19%.

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.