TimesSquare Capital Management LLC Purchases 8,665 Shares of Carlisle Companies Incorporated (NYSE:CSL)

TimesSquare Capital Management LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 205,438 shares of the conglomerate’s stock after acquiring an additional 8,665 shares during the period. TimesSquare Capital Management LLC owned approximately 0.42% of Carlisle Companies worth $64,185,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Birch Hill Investment Advisors LLC boosted its stake in shares of Carlisle Companies by 50.5% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock valued at $4,491,000 after buying an additional 4,820 shares during the period. Banco Santander S.A. purchased a new stake in shares of Carlisle Companies in the third quarter valued at $341,000. Exchange Traded Concepts LLC acquired a new stake in Carlisle Companies during the fourth quarter worth about $1,093,000. Pacer Advisors Inc. grew its stake in shares of Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after buying an additional 413,691 shares in the last quarter. Finally, Pathstone Family Office LLC grew its stake in Carlisle Companies by 63.6% during the 3rd quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock valued at $817,000 after purchasing an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 2.3 %

Carlisle Companies stock traded up $9.37 during mid-day trading on Thursday, reaching $417.86. 274,013 shares of the company traded hands, compared to its average volume of 286,882. Carlisle Companies Incorporated has a 52-week low of $205.10 and a 52-week high of $417.86. The firm has a market capitalization of $20.01 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The firm’s 50 day moving average price is $379.68 and its 200 day moving average price is $328.38.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, analysts anticipate that Carlisle Companies Incorporated will post 19.51 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insiders Place Their Bets

In related news, CAO Stephen Aldrich sold 1,095 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. Insiders sold a total of 9,586 shares of company stock valued at $3,504,388 over the last 90 days. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CSL shares. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Loop Capital upped their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Robert W. Baird boosted their price target on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their target price on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $416.00.

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.