Mirabaud Asset Management Ltd Has $4.23 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Mirabaud Asset Management Ltd raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,464 shares of the conglomerate’s stock after purchasing an additional 1,613 shares during the quarter. Carlisle Companies accounts for about 2.0% of Mirabaud Asset Management Ltd’s holdings, making the stock its 21st biggest holding. Mirabaud Asset Management Ltd’s holdings in Carlisle Companies were worth $4,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CSL. Redwood Investment Management LLC raised its holdings in Carlisle Companies by 4.1% in the 3rd quarter. Redwood Investment Management LLC now owns 3,515 shares of the conglomerate’s stock valued at $1,563,000 after buying an additional 138 shares during the last quarter. Quarry LP increased its position in Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after acquiring an additional 57 shares during the period. Quantinno Capital Management LP raised its stake in shares of Carlisle Companies by 417.9% during the third quarter. Quantinno Capital Management LP now owns 7,867 shares of the conglomerate’s stock valued at $3,538,000 after acquiring an additional 6,348 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Carlisle Companies by 17.3% during the third quarter. Stifel Financial Corp now owns 37,599 shares of the conglomerate’s stock worth $16,909,000 after purchasing an additional 5,555 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Carlisle Companies in the third quarter worth $1,414,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $326.87 on Friday. The company has a market cap of $14.43 billion, a P/E ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $348.76 and a two-hundred day moving average price of $399.10. Carlisle Companies Incorporated has a 1-year low of $312.60 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 in the prior year, the company earned $4.17 earnings per share. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CSL. The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer restated an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, 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 report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Insider Transactions at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 directly owns 2,665 shares of the company’s stock, valued at $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 is available at the SEC website. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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.