3,990 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,990 shares of the conglomerate’s stock, valued at approximately $1,472,000.

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

Carlisle Companies Price Performance

NYSE CSL opened at $326.87 on Friday. The company has a 50-day moving average price of $348.76 and a two-hundred day moving average price of $399.10. Carlisle Companies Incorporated has a 52 week low of $312.60 and a 52 week high of $481.26. The stock has a market cap of $14.43 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

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 period last year, the business posted $4.17 earnings per share. Analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insider Buying and Selling

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CSL. Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group dropped 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

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.