Intech Investment Management LLC Purchases 16,472 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Intech Investment Management LLC lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 59.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,949 shares of the conglomerate’s stock after buying an additional 16,472 shares during the quarter. Intech Investment Management LLC’s holdings in Carlisle Companies were worth $16,210,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Carlisle Companies by 1.4% in the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after acquiring an additional 16,303 shares during the last quarter. FMR LLC lifted its holdings in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after acquiring an additional 218,002 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after acquiring an additional 102,436 shares during the period. Madison Investment Advisors LLC bought a new position in shares of Carlisle Companies in the fourth quarter valued at about $148,208,000. Finally, Truist Financial Corp raised its holdings in shares of Carlisle Companies by 3.9% in the fourth quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock valued at $133,776,000 after buying an additional 13,505 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies 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 sale, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL stock opened at $343.69 on Tuesday. 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 company has a market cap of $15.31 billion, a P/E ratio of 12.44, a P/E/G 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. The business has a fifty day simple moving average of $361.76 and a 200 day simple moving average of $405.39.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) 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 in the prior year, the business earned $4.17 earnings per share. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.16%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. Oppenheimer reiterated 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. The Goldman Sachs Group decreased their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Loop Capital cut their target price 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carlisle Companies currently has an average 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.