Magnetar Financial LLC Grows Stake in Carlisle Companies Incorporated (NYSE:CSL)

Magnetar Financial LLC lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 388.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,713 shares of the conglomerate’s stock after buying an additional 6,135 shares during the period. Magnetar Financial LLC’s holdings in Carlisle Companies were worth $2,845,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Carlisle Companies in the 3rd quarter valued at $521,000. CIBC Asset Management Inc grew its stake in shares of Carlisle Companies by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,394 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 45 shares during the period. Caprock Group LLC purchased a new position in Carlisle Companies in the third quarter valued at about $355,000. Commerce Bank increased its stake in Carlisle Companies by 23.1% in the 3rd quarter. Commerce Bank now owns 10,847 shares of the conglomerate’s stock valued at $4,878,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Carlisle Companies by 3.8% in the third quarter. Advisors Asset Management Inc. now owns 12,469 shares of the conglomerate’s stock valued at $5,608,000 after buying an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 2.4 %

NYSE CSL opened at $339.81 on Friday. The business has a 50 day moving average price of $360.12 and a two-hundred day moving average price of $403.95. The stock has a market cap of $15.14 billion, a PE ratio of 12.30, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the firm posted $4.17 earnings per share. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CSL shares. Loop Capital cut their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

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.