Vanguard Group Inc. Has $1.71 Billion Stake in Carlisle Companies Incorporated (NYSE:CSL)

Vanguard Group Inc. trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,640,902 shares of the conglomerate’s stock after selling 112,817 shares during the period. Vanguard Group Inc. owned 0.10% of Carlisle Companies worth $1,711,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pensionfund Sabic bought a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $1,291,000. Geode Capital Management LLC grew its stake in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after buying an additional 102,436 shares during the last quarter. Nordea Investment Management AB raised its holdings in Carlisle Companies by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock worth $1,440,000 after acquiring an additional 145 shares during the period. Moody National Bank Trust Division acquired a new position in Carlisle Companies during the 4th quarter worth $872,000. Finally, Asset Management One Co. Ltd. boosted its holdings in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after acquiring an additional 1,102 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other 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 value of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The sale 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 stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $347.06 on Thursday. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a one year low of $321.93 and a one year high of $481.26. The business has a fifty day simple moving average of $357.49 and a 200 day simple moving average of $402.22. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $4.17 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

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

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.