51,086 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,086 shares of the conglomerate’s stock, valued at approximately $18,843,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Centiva Capital LP raised its stake in Carlisle Companies by 28.9% during the 4th quarter. Centiva Capital LP now owns 5,420 shares of the conglomerate’s stock valued at $1,999,000 after acquiring an additional 1,214 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Carlisle Companies by 27.1% during the fourth quarter. Baird Financial Group Inc. now owns 2,588 shares of the conglomerate’s stock worth $955,000 after purchasing an additional 552 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Carlisle Companies by 57.3% during the fourth quarter. BNP Paribas Financial Markets now owns 34,674 shares of the conglomerate’s stock worth $12,789,000 after purchasing an additional 12,632 shares during the period. Aptus Capital Advisors LLC grew its position in Carlisle Companies by 11.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,944 shares of the conglomerate’s stock valued at $717,000 after buying an additional 207 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Carlisle Companies by 1.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,291 shares of the conglomerate’s stock valued at $3,058,000 after buying an additional 116 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $385.48 on Tuesday. The company has a 50-day moving average of $346.74 and a two-hundred day moving average of $383.33. The stock has a market cap of $16.67 billion, a P/E ratio of 13.95, a PEG ratio of 1.03 and a beta of 1.07. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $3.72 EPS. Carlisle Companies’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies’s payout ratio is 14.89%.

Analysts Set New Price Targets

Several analysts have recently commented on CSL shares. Robert W. Baird raised their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. StockNews.com upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group dropped 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. Truist Financial reduced their price target on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $454.00.

Insider Buying and Selling

In other news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction 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 sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the firm’s 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 completion of the sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies 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.