Aviva PLC Acquires 20,520 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Aviva PLC raised its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,479 shares of the conglomerate's stock after buying an additional 20,520 shares during the quarter. Aviva PLC owned 0.34% of Carlisle Companies worth $56,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Carlisle Companies during the fourth quarter valued at approximately $1,472,000. KCM Investment Advisors LLC lifted its stake in shares of Carlisle Companies by 2.5% in the 4th quarter. KCM Investment Advisors LLC now owns 14,962 shares of the conglomerate's stock valued at $5,519,000 after purchasing an additional 361 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Carlisle Companies during the fourth quarter worth $4,935,000. Wells Fargo & Company MN boosted its stake in shares of Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after acquiring an additional 538,990 shares in the last quarter. Finally, Integrated Quantitative Investments LLC acquired a new stake in Carlisle Companies in the 4th quarter worth approximately $297,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the 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 sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

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

Carlisle Companies Price Performance

CSL traded up $3.30 during midday trading on Friday, reaching $339.79. 190,280 shares of the company's stock were exchanged, compared to its average volume of 382,925. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The business has a 50-day simple moving average of $341.45 and a two-hundred day simple moving average of $394.80. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

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 return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the firm posted $4.17 earnings per share. As a group, research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's dividend payout ratio is currently 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.