31,100 Shares in Carlisle Companies Incorporated (NYSE:CSL) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 31,100 shares of the conglomerate’s stock, valued at approximately $11,471,000.

A number of other large investors also recently bought and sold shares of CSL. Pensionfund Sabic acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $1,291,000. Geode Capital Management LLC raised its position in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Carlisle Companies during the 3rd quarter worth about $631,000. Nordea Investment Management AB grew its position in shares of Carlisle Companies by 3.9% during the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock valued at $1,440,000 after acquiring an additional 145 shares during the period. Finally, Moody National Bank Trust Division purchased a new position in shares of Carlisle Companies in the 4th quarter valued at about $872,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Oppenheimer restated an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $348.88 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 1 year low of $321.93 and a 1 year high of $481.26. The firm has a market capitalization of $15.40 billion, a PE ratio of 12.63, a P/E/G ratio of 1.03 and a beta of 0.99. The business’s 50 day moving average price is $358.97 and its 200-day moving average price is $402.98.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $4.17 EPS. As a group, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.15%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents 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 accessible through this link. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction dated 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. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Company 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.