Algebris UK Ltd Buys Shares of 2,008 Carlisle Companies Incorporated (NYSE:CSL)

Algebris UK Ltd bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,008 shares of the conglomerate's stock, valued at approximately $715,000.

Several other institutional investors and hedge funds have also modified their holdings of CSL. Pensionfund Sabic bought a new stake in shares of Carlisle Companies during the 4th quarter valued at $1,291,000. Geode Capital Management LLC grew its position in shares of Carlisle Companies by 13.3% during the third 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 in the last quarter. Quest Partners LLC increased its holdings in shares of Carlisle Companies by 624.8% in the third 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 last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Carlisle Companies in the third quarter worth about $631,000. Finally, Nordea Investment Management AB boosted its stake in Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock valued at $1,440,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Oppenheimer reiterated an "outperform" rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $476.00.

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Carlisle Companies Trading Down 0.7 %

CSL traded down $2.41 during trading on Friday, reaching $336.89. The company had a trading volume of 1,513,377 shares, compared to its average volume of 353,836. The stock has a market cap of $15.01 billion, a P/E ratio of 12.19, a PEG ratio of 1.03 and a beta of 0.99. The business has a 50 day simple moving average of $359.46 and a 200-day simple moving average of $403.36. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

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

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid 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 yield of 1.19%. Carlisle Companies's payout ratio is 14.48%.

Insiders Place Their Bets

In other news, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction on Friday, February 7th. The stock was 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 approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Mehul Patel sold 150 shares of the firm's stock in a transaction 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 transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This 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.