KLP Kapitalforvaltning AS Invests $11.47 Million in Carlisle Companies Incorporated (NYSE:CSL)

KLP Kapitalforvaltning AS purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 31,100 shares of the conglomerate’s stock, valued at approximately $11,471,000. KLP Kapitalforvaltning AS owned approximately 0.07% of Carlisle Companies at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CSL. Citigroup Inc. boosted its position in shares of Carlisle Companies by 12.9% during the third quarter. Citigroup Inc. now owns 43,443 shares of the conglomerate’s stock valued at $19,538,000 after buying an additional 4,980 shares during the period. Meridian Wealth Management LLC bought a new position in shares of Carlisle Companies during the 3rd quarter worth $631,000. Cerity Partners LLC increased its stake in shares of Carlisle Companies by 49.0% during the third quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock valued at $3,126,000 after buying an additional 2,285 shares during the period. Larson Financial Group LLC raised its holdings 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 valued at $286,000 after acquiring an additional 351 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Carlisle Companies by 6.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 19,355 shares of the conglomerate’s stock worth $8,705,000 after acquiring an additional 1,200 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSL. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Oppenheimer reissued an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, 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 research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insiders Place Their Bets

In other news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % 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 CSL opened at $348.88 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm has a market cap of $15.40 billion, a PE ratio of 12.63, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26. The stock has a fifty day moving average price of $358.97 and a 200-day moving average price of $402.98.

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, topping 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 period in the prior year, the firm earned $4.17 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid 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 yield of 1.15%. 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.