Stonebridge Financial Group LLC Takes $2.04 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Stonebridge Financial Group LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,516 shares of the conglomerate’s stock, valued at approximately $2,035,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CSL. FMR LLC grew its stake in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after acquiring an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after purchasing an additional 176,799 shares in the last quarter. Holocene Advisors LP grew its position in Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after purchasing an additional 106,539 shares during the period. Geode Capital Management LLC increased its stake in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Carlisle Companies by 846.9% during the third quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate’s stock worth $28,154,000 after buying an additional 55,988 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $354.69 on Tuesday. The company has a market capitalization of $16.08 billion, a PE ratio of 12.84, a PEG ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $390.04 and its 200-day moving average price is $416.52. Carlisle Companies Incorporated has a twelve month low of $338.52 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the company earned $4.17 EPS. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.13%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Insiders Place Their Bets

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

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.