Kennedy Capital Management LLC Grows Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Kennedy Capital Management LLC lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,128 shares of the conglomerate’s stock after purchasing an additional 1,334 shares during the quarter. Kennedy Capital Management LLC owned about 0.10% of Carlisle Companies worth $16,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. TD Private Client Wealth LLC boosted its holdings in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares during the period. Farther Finance Advisors LLC increased its position in shares of 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 in the last quarter. UMB Bank n.a. increased its position in shares of Carlisle Companies by 55.4% during the fourth 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. MV Capital Management Inc. increased its position in shares of Carlisle Companies by 253.5% during the fourth quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate’s stock worth $93,000 after purchasing an additional 180 shares in the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Carlisle Companies in the 4th quarter valued at about $93,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Ratings Changes

CSL has been the topic of several recent research reports. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Loop Capital reduced their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Buying and Selling

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The stock was 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 position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Carlisle Companies Stock Up 8.1 %

Shares of NYSE CSL opened at $342.64 on Thursday. The stock has a fifty day moving average price of $342.35 and a 200 day moving average price of $395.50. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a market cap of $15.13 billion, a P/E ratio of 12.40, a P/E/G ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period last year, the company earned $4.17 earnings per share. Research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.17%. Carlisle Companies’s payout ratio is 14.48%.

About Carlisle Companies

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.