Lodge Hill Capital LLC Acquires New Stake in Carlisle Companies Incorporated (NYSE:CSL)

Lodge Hill Capital LLC purchased a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 115,000 shares of the conglomerate's stock, valued at approximately $42,417,000. Carlisle Companies comprises approximately 11.7% of Lodge Hill Capital LLC's investment portfolio, making the stock its biggest position. Lodge Hill Capital LLC owned 0.25% of Carlisle Companies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CSL. Pensionfund Sabic acquired a new position in shares of Carlisle Companies during the 4th quarter worth approximately $1,291,000. Nordea Investment Management AB raised its stake in Carlisle Companies by 3.9% during the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after acquiring an additional 145 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in Carlisle Companies during the 4th quarter worth $872,000. Asset Management One Co. Ltd. increased its stake in Carlisle Companies by 5.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock valued at $7,695,000 after buying an additional 1,102 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Transactions at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of the business's stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Trading Up 2.4 %

Shares of Carlisle Companies stock traded up $8.35 during trading on Tuesday, hitting $355.81. 53,930 shares of the company were exchanged, compared to its average volume of 387,703. The firm has a market capitalization of $15.71 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 1-year low of $311.41 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The firm's fifty day moving average price is $340.93 and its 200 day moving average price is $389.77.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the previous year, the business earned $4.17 earnings per share. As a group, sell-side analysts expect 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 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. Carlisle Companies's dividend payout ratio is presently 14.48%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CSL shares. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Finally, The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $476.00.

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.