Wells Fargo & Company MN Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Wells Fargo & Company MN boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 692.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 616,873 shares of the conglomerate’s stock after buying an additional 538,990 shares during the quarter. Wells Fargo & Company MN’s holdings in Carlisle Companies were worth $227,527,000 as of its most recent filing with the Securities and Exchange Commission.

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

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $326.87 on Friday. The business has a fifty day simple moving average of $348.76 and a 200-day simple moving average of $398.95. Carlisle Companies Incorporated has a 52 week low of $312.60 and a 52 week high of $481.26. The company has a market cap of $14.43 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.03 and a beta of 0.94. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 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 last year, the business earned $4.17 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective 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. Oppenheimer restated 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 objective 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Transactions at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company 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.