2Xideas AG Buys 8,360 Shares of Carlisle Companies Incorporated (NYSE:CSL)

2Xideas AG boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,951 shares of the conglomerate's stock after acquiring an additional 8,360 shares during the quarter. 2Xideas AG owned approximately 0.06% of Carlisle Companies worth $10,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Carlisle Companies during the fourth quarter valued at $208,095,000. Wells Fargo & Company MN lifted its position in Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock valued at $227,527,000 after purchasing an additional 538,990 shares during the period. Madison Investment Advisors LLC acquired a new position in Carlisle Companies during the 4th quarter valued at about $148,208,000. AustralianSuper Pty Ltd grew its position in shares of Carlisle Companies by 732.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after buying an additional 125,687 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of 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 period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Trading Up 2.7 %

Carlisle Companies stock traded up $9.07 during mid-day trading on Friday, hitting $345.56. 258,803 shares of the company's stock were exchanged, compared to its average volume of 383,227. The company's 50 day simple moving average is $341.45 and its 200-day simple moving average is $394.80. 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 firm has a market capitalization of $15.26 billion, a P/E ratio of 12.44, a PEG ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 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 last year, the company earned $4.17 EPS. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Insider Activity

In other news, VP Mehul Patel sold 150 shares of the company's stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. 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 Carlisle Companies stock in a transaction that occurred 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 in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

CSL has been the subject of a number of analyst reports. Loop Capital lowered their target price 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. 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 note on Tuesday, January 14th. Finally, Oppenheimer reissued an "outperform" rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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.com, Carlisle Companies has a consensus rating of "Moderate Buy" and an average price target of $476.00.

About Carlisle Companies

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.