Algebris UK Ltd Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Algebris UK Ltd acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,008 shares of the conglomerate’s stock, valued at approximately $715,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Carlisle Companies by 95.1% in the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after acquiring an additional 78 shares during the period. Quarry LP grew its position in shares of Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 67 shares during the period. Finally, Generali Asset Management SPA SGR purchased a new stake in Carlisle Companies during the 4th quarter worth about $93,000. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CSL has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. 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 note on Tuesday, January 14th. Finally, Loop Capital reduced their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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 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 transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $285,681.95. This represents a 15.54 % 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 Price Performance

CSL stock opened at $340.15 on Wednesday. The firm has a 50 day simple moving average of $361.27 and a two-hundred day simple moving average of $404.80. The stock has a market cap of $15.16 billion, a PE ratio of 12.31, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a one year low of $321.93 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the firm earned $4.17 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid 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%.

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.