Carlisle Companies Incorporated (NYSE:CSL) Stock Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,194,220 shares of the conglomerate's stock after buying an additional 17,206 shares during the period. Franklin Resources Inc. owned approximately 2.63% of Carlisle Companies worth $440,476,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Carlisle Companies during the fourth quarter valued at approximately $208,095,000. Madison Investment Advisors LLC acquired a new position in Carlisle Companies in the 4th quarter worth $148,208,000. AustralianSuper Pty Ltd lifted its holdings in Carlisle Companies by 732.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after buying an additional 125,687 shares in the last quarter. Holocene Advisors LP boosted its position in Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock valued at $79,594,000 after buying an additional 106,539 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after acquiring an additional 102,436 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carlisle Companies 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 value of $366,702.00. Following the sale, the director now directly owns 2,665 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at 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 completion of the sale, the vice president now owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

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

Carlisle Companies Stock Performance

Shares of CSL traded down $0.23 during mid-day trading on Friday, hitting $326.87. The stock had a trading volume of 834,299 shares, compared to its average volume of 374,942. Carlisle Companies Incorporated has a fifty-two week low of $312.60 and a fifty-two 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. The company 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 company's fifty day simple moving average is $348.76 and its two-hundred day simple moving average is $398.95.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the firm earned $4.17 earnings per share. On average, equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

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

Carlisle Companies 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.