3,500 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Pensionfund Sabic

Pensionfund Sabic bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,500 shares of the conglomerate’s stock, valued at approximately $1,291,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in Carlisle Companies by 3.9% during the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock worth $1,440,000 after buying an additional 145 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Carlisle Companies in the fourth quarter worth approximately $295,000. GAMMA Investing LLC raised its holdings in shares of Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate’s stock valued at $489,000 after acquiring an additional 38 shares during the period. Retirement Systems of Alabama lifted its position in shares of Carlisle Companies by 0.4% in the 3rd quarter. Retirement Systems of Alabama now owns 100,593 shares of the conglomerate’s stock valued at $45,242,000 after acquiring an additional 406 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after purchasing an additional 16,303 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $370.46 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a one year low of $297.25 and a one year high of $481.26. The business’s 50-day moving average price is $421.02 and its two-hundred day moving average price is $422.58. The company has a market capitalization of $16.79 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.68 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.08%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CSL. Oppenheimer reissued an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Finally, Robert W. Baird lowered 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $470.00.

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.