Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,977 shares of the conglomerate's stock after buying an additional 2,069 shares during the period. Bank of Montreal Can owned 0.26% of Carlisle Companies worth $43,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CSL. Pensionfund Sabic acquired a new position in Carlisle Companies in the fourth quarter valued at $1,291,000. Geode Capital Management LLC lifted its holdings in shares of Carlisle Companies by 13.3% in 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 last quarter. Nordea Investment Management AB boosted its position in shares of Carlisle Companies by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock valued at $1,440,000 after purchasing an additional 145 shares during the period. Moody National Bank Trust Division purchased a new position in Carlisle Companies during the 4th quarter worth approximately $872,000. Finally, Asset Management One Co. Ltd. increased its position in Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after buying an additional 1,102 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

NYSE CSL traded down $0.85 during trading hours on Wednesday, hitting $351.28. 68,718 shares of the stock were exchanged, compared to its average volume of 477,738. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26. The stock has a 50-day moving average of $341.23 and a 200 day moving average of $392.92. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. 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 posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating 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 EPS. As a group, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.14%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's payout ratio is currently 14.48%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSL. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday. Loop Capital lowered their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Oppenheimer restated an "outperform" rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased 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. Three equities 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, Carlisle Companies has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Insider Buying and Selling

In related news, 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 owns 815 shares of the company's stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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.