Sands Capital Management LLC Has $279.45 Million Stock Holdings in Carlisle Companies Incorporated $CSL

Sands Capital Management LLC increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 99.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 849,501 shares of the conglomerate’s stock after buying an additional 423,141 shares during the period. Sands Capital Management LLC owned 2.03% of Carlisle Companies worth $279,452,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bridges Investment Management Inc. grew its position in shares of Carlisle Companies by 221.3% in the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after purchasing an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Carlisle Companies by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock worth $74,847,000 after purchasing an additional 8,701 shares during the last quarter. Impact Partnership Wealth LLC bought a new stake in Carlisle Companies in the 3rd quarter valued at $540,000. Citigroup Inc. lifted its holdings in shares of Carlisle Companies by 51.8% during the third quarter. Citigroup Inc. now owns 28,336 shares of the conglomerate’s stock worth $9,321,000 after buying an additional 9,673 shares in the last quarter. Finally, M&G PLC acquired a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $11,913,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, insider Stephen Schwar sold 6,049 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the sale, the insider owned 8,540 shares of the company’s stock, valued at approximately $3,564,254.40. The trade was a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 1,800 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares of the company’s stock, valued at $1,530,742.85. The trade was a 32.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 68,289 shares of company stock worth $28,125,467. Corporate insiders own 1.40% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $353.26 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.49 and a current ratio of 3.09. Carlisle Companies Incorporated has a 52 week low of $293.43 and a 52 week high of $435.92. The stock has a market capitalization of $14.44 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The stock has a fifty day moving average of $371.32 and a 200-day moving average of $348.19.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.Carlisle Companies’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $4.47 earnings per share. On average, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.2%. Carlisle Companies’s dividend payout ratio is presently 25.72%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CSL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Oppenheimer raised their price objective on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. upped their target price on Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday. Finally, William Blair initiated coverage on Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $399.17.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.