Virtu Financial LLC Makes New Investment 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, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,180 shares of the conglomerate’s stock, valued at approximately $3,720,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Plato Investment Management Ltd increased its holdings in shares of Carlisle Companies by 665.9% during the 2nd quarter. Plato Investment Management Ltd now owns 1,754 shares of the conglomerate’s stock worth $711,000 after buying an additional 1,525 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of Carlisle Companies by 2.4% in the 2nd quarter. Inspire Advisors LLC now owns 2,435 shares of the conglomerate’s stock worth $987,000 after purchasing an additional 58 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Carlisle Companies by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 176,143 shares of the conglomerate’s stock worth $71,375,000 after purchasing an additional 4,017 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new position in shares of Carlisle Companies in the 2nd quarter valued at about $1,054,000. Finally, Federated Hermes Inc. grew its holdings in shares of Carlisle Companies by 17.1% during the 2nd quarter. Federated Hermes Inc. now owns 6,749 shares of the conglomerate’s stock worth $2,735,000 after purchasing an additional 988 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL stock opened at $418.48 on Tuesday. Carlisle Companies Incorporated has a twelve month low of $235.79 and a twelve month high of $443.87. The company has a market capitalization of $19.92 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.50 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $409.76 and a 200-day simple moving average of $401.09.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.84 by $0.40. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm earned $5.18 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that Carlisle Companies Incorporated will post 20.58 earnings per share for the current fiscal year.

Carlisle Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.96%. This is a positive change from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, August 20th. Carlisle Companies’s dividend payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 price target (up from $475.00) on shares of Carlisle Companies in a research report on Wednesday, September 4th. Finally, Robert W. Baird increased their price target on Carlisle Companies from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $433.00.

Insider Activity

In related news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The shares were sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,206,037.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Kevin P. Zdimal sold 21,470 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $425.29, for a total value of $9,130,976.30. Following the completion of the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at $15,157,760.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David W. Smith sold 600 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,206,037.04. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies 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.