Baillie Gifford & Co. Buys Shares of 44,095 Carlisle Companies Incorporated (NYSE:CSL)

Baillie Gifford & Co. purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,095 shares of the conglomerate’s stock, valued at approximately $17,279,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Carlisle Companies during the fourth quarter worth about $159,187,000. Pacer Advisors Inc. increased its position in Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after buying an additional 413,691 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Carlisle Companies by 666.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after acquiring an additional 198,191 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Carlisle Companies by 1,074.0% in the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock valued at $47,490,000 after acquiring an additional 139,054 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CSL has been the topic of a number of recent research reports. Loop Capital upped their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird raised their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer lifted their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group started coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $416.00.

Insider Buying and Selling

In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $36,399,039.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David W. Smith sold 2,037 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $405.58, for a total transaction of $826,166.46. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The disclosure for this sale can be found here. In the last three months, insiders sold 58,059 shares of company stock valued at $24,334,065. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Down 0.5 %

Shares of CSL traded down $1.90 during trading hours on Friday, hitting $406.95. The stock had a trading volume of 217,498 shares, compared to its average volume of 417,843. The company’s fifty day simple moving average is $412.13 and its 200 day simple moving average is $368.90. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $430.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95. The firm has a market cap of $19.37 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.37 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Equities research analysts forecast that Carlisle Companies Incorporated will post 19.93 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Carlisle Companies’s payout ratio is 19.71%.

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.