WCM Investment Management LLC Buys 105 Shares of Carlisle Companies Incorporated (NYSE:CSL)

WCM Investment Management LLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 20.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 619 shares of the conglomerate’s stock after acquiring an additional 105 shares during the quarter. WCM Investment Management LLC’s holdings in Carlisle Companies were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CSL. FMR LLC boosted 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 valued at $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Carlisle Companies by 6,405.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock valued at $80,757,000 after buying an additional 176,799 shares during the period. Holocene Advisors LP boosted its holdings in shares of 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 buying an additional 106,539 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after buying an additional 102,436 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Carlisle Companies by 846.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate’s stock worth $28,154,000 after buying an additional 55,988 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Also, VP David W. Smith sold 275 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % 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 Price Performance

Shares of NYSE CSL opened at $354.69 on Tuesday. The firm has a market cap of $16.08 billion, a P/E ratio of 12.84, a PEG ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a twelve month low of $338.52 and a twelve month high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average of $390.04 and a 200 day moving average of $416.52.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the company earned $4.17 earnings per share. As a group, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Analyst Ratings Changes

CSL has been the topic of several research reports. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. 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 report on Tuesday, January 14th. Finally, Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $476.00.

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.