DnB Asset Management AS Purchases 97 Shares of Carlisle Companies Incorporated (NYSE:CSL)

DnB Asset Management AS grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,043 shares of the conglomerate’s stock after purchasing an additional 97 shares during the period. DnB Asset Management AS’s holdings in Carlisle Companies were worth $4,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its stake in Carlisle Companies by 475.0% in the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Carlisle Companies by 95.1% during the fourth quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after purchasing an additional 78 shares during the last quarter. Quarry LP grew its position in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after buying an additional 67 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the stock in a transaction 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 owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the business’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 directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $342.90 on Monday. 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 business’s 50 day moving average price is $355.43 and its two-hundred day moving average price is $401.53. The company has a market cap of $15.14 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $4.17 EPS. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Wall Street Analyst Weigh In

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