Norges Bank Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Norges Bank purchased a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 564,188 shares of the conglomerate's stock, valued at approximately $208,095,000. Norges Bank owned 1.24% of Carlisle Companies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in shares of Carlisle Companies by 49.0% during the third quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate's stock valued at $3,126,000 after acquiring an additional 2,285 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Carlisle Companies during the 3rd quarter valued at $226,000. BNP Paribas Financial Markets lifted its holdings in shares of Carlisle Companies by 21.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,042 shares of the conglomerate's stock worth $9,913,000 after buying an additional 3,845 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of Carlisle Companies by 11.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,003 shares of the conglomerate's stock worth $451,000 after buying an additional 105 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Carlisle Companies by 14.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate's stock worth $152,170,000 after buying an additional 41,766 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CSL shares. Loop Capital lowered their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Oppenheimer reiterated an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two research 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 an average rating of "Moderate Buy" and a consensus price target of $476.00.

Carlisle Companies Stock Down 0.1 %

Carlisle Companies stock traded down $0.23 during trading hours on Friday, reaching $326.87. The stock had a trading volume of 834,299 shares, compared to its average volume of 374,502. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The business's 50 day moving average price is $348.76 and its 200-day moving average price is $399.10. Carlisle Companies Incorporated has a 52 week low of $314.80 and a 52 week high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data 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 net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the firm posted $4.17 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.22%. Carlisle Companies's payout ratio is 14.48%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was 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 owns 2,665 shares of the company's stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction dated Saturday, February 8th. The shares were 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 in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

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.