Motley Fool Wealth Management LLC Acquires New Position in Carlisle Companies Incorporated (NYSE:CSL)

Motley Fool Wealth Management LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,078 shares of the conglomerate’s stock, valued at approximately $6,732,000.

A number of other hedge funds have also bought and sold shares of the stock. Citigroup Inc. increased its position in shares of Carlisle Companies by 12.9% in the 3rd quarter. Citigroup Inc. now owns 43,443 shares of the conglomerate’s stock valued at $19,538,000 after acquiring an additional 4,980 shares during the period. Cerity Partners LLC increased its holdings in shares of Carlisle Companies by 49.0% in the third quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock valued at $3,126,000 after purchasing an additional 2,285 shares during the period. Larson Financial Group LLC raised its stake in shares of Carlisle Companies by 123.6% in the third quarter. Larson Financial Group LLC now owns 635 shares of the conglomerate’s stock worth $286,000 after purchasing an additional 351 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Carlisle Companies by 6.6% during the third quarter. Daiwa Securities Group Inc. now owns 19,355 shares of the conglomerate’s stock worth $8,705,000 after purchasing an additional 1,200 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in Carlisle Companies in the third quarter valued at approximately $935,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’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 owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the firm’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 completion of the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 0.1 %

Shares of Carlisle Companies stock opened at $348.96 on Wednesday. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a market cap of $15.41 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The firm has a 50-day simple moving average of $358.30 and a two-hundred day simple moving average of $402.61.

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, beating 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 period last year, the business earned $4.17 EPS. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced 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. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.15%. Carlisle Companies’s payout ratio is currently 14.48%.

Analyst Upgrades and Downgrades

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