401,822 Shares in Carlisle Companies Incorporated (NYSE:CSL) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 401,822 shares of the conglomerate's stock, valued at approximately $148,208,000. Carlisle Companies comprises about 1.7% of Madison Investment Advisors LLC's holdings, making the stock its 10th largest position. Madison Investment Advisors LLC owned approximately 0.89% of Carlisle Companies as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV increased its holdings in shares of Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock worth $4,788,000 after buying an additional 2,752 shares during the last quarter. Pensionfund Sabic purchased a new stake in Carlisle Companies during the 4th quarter worth $1,291,000. Geode Capital Management LLC boosted its position 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 purchasing an additional 102,436 shares during the period. Quest Partners LLC boosted its position in Carlisle Companies by 624.8% during the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock worth $2,090,000 after purchasing an additional 4,005 shares during the period. Finally, Meridian Wealth Management LLC purchased a new stake in Carlisle Companies during the 3rd quarter worth $631,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the firm's 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 sale, the vice president now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Performance

CSL traded up $7.78 on Monday, hitting $343.69. 391,245 shares of the company's stock were exchanged, compared to its average volume of 345,661. The firm has a market cap of $15.31 billion, a PE 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 stock has a fifty day moving average of $362.29 and a two-hundred day moving average of $405.88. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the business earned $4.17 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.16%. Carlisle Companies's dividend payout ratio (DPR) is 14.48%.

Wall Street Analyst Weigh In

CSL has been the subject of a number of research reports. 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 research report on Friday, January 10th. Oppenheimer reaffirmed an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, The Goldman Sachs Group reduced their price target on shares of 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.