CIBC Private Wealth Group LLC Acquires 38 Shares of Carlisle Companies Incorporated (NYSE:CSL)

CIBC Private Wealth Group LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,436 shares of the conglomerate’s stock after acquiring an additional 38 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Carlisle Companies were worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CSL. Franklin Resources Inc. boosted its position in Carlisle Companies by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after purchasing an additional 16,303 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Carlisle Companies by 3.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after buying an additional 34,021 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 last quarter. Norges Bank bought a new position in shares of Carlisle Companies during the 4th quarter worth approximately $208,095,000. Finally, Madison Investment Advisors LLC purchased a new stake in Carlisle Companies during the fourth quarter valued at approximately $148,208,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s 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 completion of the transaction, the director now directly 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 SEC, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the 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 sale, the vice president now directly 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 Ratings Changes

CSL has been the topic of several analyst reports. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report 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 presently has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies Price Performance

NYSE CSL opened at $326.87 on Friday. The stock’s fifty day moving average price is $348.76 and its 200 day moving average price is $399.10. Carlisle Companies Incorporated has a 1 year low of $312.60 and a 1 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. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same period last year, the firm earned $4.17 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s payout ratio is 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.