Wells Fargo & Company MN Purchases 538,990 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Wells Fargo & Company MN lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 692.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 616,873 shares of the conglomerate's stock after acquiring an additional 538,990 shares during the period. Wells Fargo & Company MN owned 1.36% of Carlisle Companies worth $227,527,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its stake in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after acquiring an additional 57 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Carlisle Companies by 417.9% during the third quarter. Quantinno Capital Management LP now owns 7,867 shares of the conglomerate's stock valued at $3,538,000 after purchasing an additional 6,348 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Carlisle Companies by 17.3% in the third quarter. Stifel Financial Corp now owns 37,599 shares of the conglomerate's stock worth $16,909,000 after purchasing an additional 5,555 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Carlisle Companies in the third quarter worth about $1,414,000. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Carlisle Companies by 19.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 3,937 shares of the conglomerate's stock worth $1,646,000 after buying an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Loop Capital reduced their price target 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. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $476.00.

Carlisle Companies Trading Up 3.6 %

Shares of NYSE:CSL traded up $12.19 during trading on Friday, hitting $348.68. The company had a trading volume of 684,923 shares, compared to its average volume of 385,425. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company has a fifty day simple moving average of $340.91 and a two-hundred day simple moving average of $394.18. 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 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. As a group, equities 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.15%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.48%.

Insider Buying and Selling

In other Carlisle Companies 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 transaction, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 owns 2,665 shares of the company's stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate 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.