Algebris UK Ltd Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Algebris UK Ltd acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,008 shares of the conglomerate’s stock, valued at approximately $715,000.

Other hedge funds have also recently made changes to their positions in the company. Xponance Inc. boosted its holdings in Carlisle Companies by 4.6% in the fourth quarter. Xponance Inc. now owns 8,142 shares of the conglomerate’s stock valued at $3,003,000 after acquiring an additional 358 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Carlisle Companies by 59.9% during the 4th quarter. Intech Investment Management LLC now owns 43,949 shares of the conglomerate’s stock valued at $16,210,000 after purchasing an additional 16,472 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Carlisle Companies during the fourth quarter valued at about $93,000. Tocqueville Asset Management L.P. raised its stake in Carlisle Companies by 6.0% in the fourth quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate’s stock worth $1,614,000 after buying an additional 248 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Carlisle Companies by 13.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock worth $561,000 after buying an additional 176 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. 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 company’s stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $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. 1.50% of the stock is owned by insiders.

Carlisle Companies Stock Performance

Shares of CSL opened at $340.15 on Wednesday. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The stock has a market cap of $15.16 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.03 and a beta of 0.99. The business’s 50 day moving average price is $361.27 and its 200-day moving average price is $404.80.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $4.17 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

Analyst Ratings Changes

CSL has been the topic of several research reports. The Goldman Sachs Group cut their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Loop Capital reduced their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Oppenheimer reissued 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

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.