Stonebridge Financial Group LLC Purchases New Shares in Carlisle Companies Incorporated (NYSE:CSL)

Stonebridge Financial Group LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,516 shares of the conglomerate's stock, valued at approximately $2,035,000.

Several other large investors have also recently modified their holdings of CSL. FMR LLC raised its position in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after buying an additional 218,002 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock worth $80,757,000 after buying an additional 176,799 shares during the last quarter. Holocene Advisors LP raised its position in Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock worth $79,594,000 after buying an additional 106,539 shares during the last quarter. Geode Capital Management LLC grew its stake 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 valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Carlisle Companies by 846.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate's stock valued at $28,154,000 after purchasing an additional 55,988 shares during the period. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Buying and Selling

In other news, VP David W. Smith sold 275 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now directly owns 2,834 shares of the company's stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,475 shares of company stock valued at $541,219. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CSL shares. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Oppenheimer restated an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group cut their price target 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. Two research 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded down $2.78 during mid-day trading on Friday, reaching $357.83. 582,191 shares of the company traded hands, compared to its average volume of 424,980. The company's 50 day moving average price is $383.46 and its 200-day moving average price is $414.76. The firm has a market cap of $16.22 billion, a PE ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 52 week low of $339.10 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted 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 33.14% and a net margin of 26.22%. During the same period in the previous year, the firm posted $4.17 EPS. On average, equities analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.12%. Carlisle Companies's dividend payout ratio is presently 14.48%.

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.