TCW Group Inc. Boosts Stake in Carlisle Companies Incorporated (NYSE:CSL)

TCW Group Inc. lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,489 shares of the conglomerate’s stock after purchasing an additional 400 shares during the quarter. TCW Group Inc. owned about 0.06% of Carlisle Companies worth $10,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Pensionfund Sabic purchased a new position in Carlisle Companies during the fourth quarter worth about $1,291,000. KBC Group NV boosted its position in shares of Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after purchasing an additional 2,752 shares during the period. Geode Capital Management LLC boosted its position in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares during the period. Quest Partners LLC increased its holdings in Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after purchasing an additional 4,005 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in Carlisle Companies in the third quarter valued at approximately $631,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred on Saturday, February 8th. The shares were 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 in the company, 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. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CSL shares. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Truist Financial began coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Oppenheimer reissued an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $334.48 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The stock’s 50-day moving average is $375.76 and its two-hundred day moving average is $413.33. Carlisle Companies Incorporated has a 1-year low of $332.34 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last released 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 net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the business earned $4.17 EPS. Analysts forecast 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, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.20%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

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.