AlphaCrest Capital Management LLC Grows Stake in Carlisle Companies, Inc. (NYSE:CSL)

AlphaCrest Capital Management LLC increased its position in Carlisle Companies, Inc. (NYSE:CSL) by 170.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,738 shares of the conglomerate’s stock after acquiring an additional 3,617 shares during the period. AlphaCrest Capital Management LLC’s holdings in Carlisle Companies were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harris Associates L P raised its stake in Carlisle Companies by 60.3% during the fourth quarter. Harris Associates L P now owns 1,244,010 shares of the conglomerate’s stock worth $125,048,000 after acquiring an additional 468,140 shares in the last quarter. Brown Advisory Inc. lifted its position in Carlisle Companies by 43.4% in the 4th quarter. Brown Advisory Inc. now owns 5,938 shares of the conglomerate’s stock valued at $597,000 after acquiring an additional 1,797 shares in the last quarter. Texas Permanent School Fund lifted its position in Carlisle Companies by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 38,966 shares of the conglomerate’s stock valued at $3,917,000 after acquiring an additional 1,379 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Carlisle Companies by 7.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 65,227 shares of the conglomerate’s stock valued at $6,557,000 after acquiring an additional 4,699 shares in the last quarter. Finally, M&T Bank Corp lifted its position in Carlisle Companies by 10.4% in the 4th quarter. M&T Bank Corp now owns 5,894 shares of the conglomerate’s stock valued at $593,000 after acquiring an additional 556 shares in the last quarter. Institutional investors own 86.97% of the company’s stock.

Shares of NYSE:CSL traded up $0.54 on Monday, hitting $140.95. 280,208 shares of the company were exchanged, compared to its average volume of 388,834. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 1.20 and a beta of 1.04. The stock has a 50 day moving average price of $136.87. Carlisle Companies, Inc. has a 1-year low of $92.16 and a 1-year high of $142.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.96 and a quick ratio of 2.15.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, April 23rd. The conglomerate reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.31. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. Carlisle Companies had a return on equity of 15.22% and a net margin of 8.34%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. On average, sell-side analysts forecast that Carlisle Companies, Inc. will post 7.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Tuesday, May 14th. Carlisle Companies’s dividend payout ratio is currently 25.72%.

In other news, Director David A. Roberts sold 28,571 shares of Carlisle Companies stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $137.74, for a total value of $3,935,369.54. Following the completion of the transaction, the director now directly owns 88,397 shares in the company, valued at $12,175,802.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

A number of research analysts recently issued reports on CSL shares. Oppenheimer boosted their target price on shares of Carlisle Companies from $140.00 to $150.00 in a research report on Wednesday, April 24th. Zacks Investment Research upgraded Carlisle Companies from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Monday, April 29th. ValuEngine upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird set a $134.00 target price on Carlisle Companies and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, BMO Capital Markets lifted their target price on Carlisle Companies from $125.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Carlisle Companies currently has an average rating of “Buy” and an average target price of $140.57.

About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. It operates through four segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment offers thermoplastic polyolefin, ethylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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