SeaTown Holdings Pte. Ltd. Buys 4,100 Shares of Carlisle Companies Incorporated (NYSE:CSL)

SeaTown Holdings Pte. Ltd. grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 23.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,600 shares of the conglomerate’s stock after acquiring an additional 4,100 shares during the period. Carlisle Companies comprises 5.5% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 12th biggest holding. SeaTown Holdings Pte. Ltd.’s holdings in Carlisle Companies were worth $7,967,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CSL. HB Wealth Management LLC bought a new position in shares of Carlisle Companies in the fourth quarter worth $364,000. Merit Financial Group LLC raised its holdings in shares of Carlisle Companies by 27.6% in the 4th quarter. Merit Financial Group LLC now owns 1,717 shares of the conglomerate’s stock valued at $633,000 after acquiring an additional 371 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Carlisle Companies by 11.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 50,640 shares of the conglomerate’s stock valued at $18,678,000 after acquiring an additional 5,111 shares during the last quarter. Boston Common Asset Management LLC purchased a new position in shares of Carlisle Companies during the fourth quarter worth about $3,229,000. Finally, Ritholtz Wealth Management increased its position in shares of Carlisle Companies by 12.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate’s stock worth $481,000 after purchasing an additional 149 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CSL shares. Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Loop Capital reduced their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Truist Financial began coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Finally, Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 1.3 %

NYSE CSL opened at $400.46 on Friday. The firm has a market cap of $18.15 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.09 and a beta of 0.96. Carlisle Companies Incorporated has a 1-year low of $302.08 and a 1-year high of $481.26. The stock has a 50-day moving average of $411.47 and a 200-day moving average of $420.53. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.68 EPS. As a group, sell-side analysts forecast that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a dividend of $1.00 per share. The ex-dividend date was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 1.00%. Carlisle Companies’s payout ratio is currently 14.15%.

Carlisle Companies Company 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.