Korea Investment CORP Reduces Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Korea Investment CORP reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 59.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,742 shares of the conglomerate’s stock after selling 67,428 shares during the period. Korea Investment CORP owned about 0.10% of Carlisle Companies worth $17,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CSL. Madison Investment Advisors LLC purchased a new stake in Carlisle Companies during the 4th quarter worth $148,208,000. FMR LLC increased its position in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Carlisle Companies by 6,405.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after acquiring an additional 176,799 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in Carlisle Companies by 732.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock valued at $52,691,000 after purchasing an additional 125,687 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in Carlisle Companies by 151.3% during 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 in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $342.90 on Friday. The stock has a market capitalization of $15.14 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The business’s fifty day moving average price is $355.43 and its 200 day moving average price is $401.52. 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 Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26.

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

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Loop Capital decreased 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Activity at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mehul Patel sold 150 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 815 shares of the company’s stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. 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.