Allstate Corp Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Allstate Corp bought 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 Securities and Exchange Commission (SEC). The institutional investor bought 1,321 shares of the conglomerate's stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Diversify Advisory Services LLC boosted its stake in shares of Carlisle Companies by 1.7% in the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock valued at $586,000 after purchasing an additional 26 shares in the last quarter. GAMMA Investing LLC lifted its stake in Carlisle Companies by 3.0% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock worth $489,000 after purchasing an additional 38 shares during the last quarter. Metis Global Partners LLC boosted its position in Carlisle Companies by 6.4% during the fourth quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock valued at $238,000 after buying an additional 39 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Carlisle Companies by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate's stock valued at $1,527,000 after buying an additional 43 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of Carlisle Companies by 9.2% in the fourth quarter. TIAA Trust National Association now owns 581 shares of the conglomerate's stock worth $214,000 after buying an additional 49 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Mehul Patel sold 150 shares of the company's stock in a transaction 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 of the company's stock, valued at $285,681.95. This 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 is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

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

Carlisle Companies Trading Down 0.1 %

CSL stock traded down $0.23 on Friday, reaching $326.87. The company's stock had a trading volume of 834,299 shares, compared to its average volume of 374,942. The firm has a market cap of $14.43 billion, a PE ratio of 11.83, a PEG ratio of 1.03 and a beta of 0.94. The business has a fifty day simple moving average of $348.76 and a two-hundred day simple moving average of $398.77. Carlisle Companies Incorporated has a 12-month low of $312.60 and a 12-month high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its earnings results 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 period in the previous year, the business posted $4.17 earnings per share. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

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

Carlisle Companies Company 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.