Carlisle Companies Incorporated (NYSE:CSL) Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 147,621 shares of the conglomerate’s stock after buying an additional 23,403 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Carlisle Companies were worth $54,449,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. grew its stake in shares of Carlisle Companies by 253.5% in the 4th quarter. MV Capital Management Inc. now owns 251 shares of the conglomerate’s stock valued at $93,000 after buying an additional 180 shares in the last quarter. Allstate Corp bought a new stake in Carlisle Companies in the fourth quarter worth approximately $487,000. DnB Asset Management AS increased its stake in shares of Carlisle Companies by 0.8% during the 4th quarter. DnB Asset Management AS now owns 12,043 shares of the conglomerate’s stock worth $4,442,000 after purchasing an additional 97 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at $178,000. Finally, Triodos Investment Management BV acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $19,032,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Loop Capital cut their price objective 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % 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 Trading Up 0.8 %

Shares of NYSE:CSL opened at $343.38 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock’s 50-day moving average is $352.94 and its 200-day moving average is $400.61. The company has a market cap of $15.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 52-week low of $321.93 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) 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 period last year, the company posted $4.17 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.16%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

About Carlisle Companies

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.