Quantessence Capital LLC Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Quantessence Capital LLC purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,432 shares of the conglomerate's stock, valued at approximately $528,000.

Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC raised its position in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate's stock valued at $25,000 after buying an additional 57 shares in the last quarter. GeoWealth Management LLC raised its position in Carlisle Companies by 25.0% during the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after purchasing an additional 29 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate's stock worth $59,000 after purchasing an additional 78 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after purchasing an additional 67 shares in the last quarter. Finally, MV Capital Management Inc. increased its position in shares of Carlisle Companies by 253.5% during the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate's stock valued at $93,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Up 2.4 %

Shares of NYSE CSL opened at $355.90 on Wednesday. The firm's fifty day moving average is $340.83 and its 200 day moving average is $389.53. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The company has a market cap of $15.71 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the business earned $4.17 EPS. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Mehul Patel sold 150 shares of Carlisle Companies 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 sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.