Virtu Financial LLC Invests $3.72 Million in Carlisle Companies Incorporated (NYSE:CSL)

Virtu Financial LLC acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the second quarter, HoldingsChannel reports. The fund acquired 9,180 shares of the conglomerate’s stock, valued at approximately $3,720,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of Carlisle Companies during the fourth quarter valued at approximately $31,000. ORG Partners LLC acquired a new position in Carlisle Companies during the 2nd quarter valued at approximately $31,000. Principal Securities Inc. bought a new position in Carlisle Companies during the 4th quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Carlisle Companies in the second quarter worth $32,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Carlisle Companies in the second quarter valued at $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CSL shares. Oppenheimer restated an “outperform” rating and set a $480.00 price target (up previously from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Robert W. Baird upped their target price on shares of Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, StockNews.com lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $433.00.

Carlisle Companies Stock Up 1.7 %

Carlisle Companies stock opened at $418.48 on Tuesday. Carlisle Companies Incorporated has a 52 week low of $235.79 and a 52 week high of $443.87. The stock has a market cap of $19.92 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 1.30 and a beta of 0.90. The company’s 50-day moving average price is $409.76 and its two-hundred day moving average price is $401.09. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $5.18 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Carlisle Companies Incorporated will post 20.58 EPS for the current fiscal year.

Carlisle Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. This is an increase from Carlisle Companies’s previous quarterly dividend of $0.85. Carlisle Companies’s payout ratio is currently 23.19%.

Insider Activity

In related news, VP David W. Smith sold 600 shares of Carlisle Companies 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 transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,206,037.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP David W. Smith sold 600 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the completion of the sale, the chief financial officer now owns 35,641 shares in the company, valued at $15,157,760.89. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.