Prudential PLC Buys 8,006 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Prudential PLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 122.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,549 shares of the conglomerate’s stock after purchasing an additional 8,006 shares during the quarter. Prudential PLC’s holdings in Carlisle Companies were worth $5,366,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quarry LP raised its holdings in Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after acquiring an additional 57 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Carlisle Companies by 417.9% during the third quarter. Quantinno Capital Management LP now owns 7,867 shares of the conglomerate’s stock valued at $3,538,000 after purchasing an additional 6,348 shares during the period. Stifel Financial Corp raised its stake in shares of Carlisle Companies by 17.3% in the third quarter. Stifel Financial Corp now owns 37,599 shares of the conglomerate’s stock valued at $16,909,000 after purchasing an additional 5,555 shares in the last quarter. Weiss Asset Management LP bought a new position in Carlisle Companies in the third quarter worth $1,414,000. Finally, Kovitz Investment Group Partners LLC boosted its stake in Carlisle Companies by 19.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,937 shares of the conglomerate’s stock worth $1,646,000 after buying an additional 653 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CSL shares. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a 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 on the stock in a report on Tuesday, January 14th. Finally, Loop Capital lowered their price objective 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $476.00.

Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the company’s 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 of the company’s stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 directly owns 2,665 shares of the company’s stock, 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. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Trading Down 0.1 %

Shares of CSL stock opened at $326.87 on Friday. 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 capitalization of $14.43 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 12-month low of $312.60 and a 12-month high of $481.26. The firm has a 50-day moving average price of $348.76 and a 200 day moving average price of $398.95.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS 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 company posted $4.17 EPS. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.22%. Carlisle Companies’s dividend payout ratio (DPR) is presently 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.