Swiss National Bank Lowers Position in Carlisle Companies Incorporated (NYSE:CSL)

Swiss National Bank decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 130,700 shares of the conglomerate's stock after selling 10,800 shares during the quarter. Swiss National Bank owned about 0.29% of Carlisle Companies worth $48,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after buying an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in Carlisle Companies by 6,405.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock worth $80,757,000 after purchasing an additional 176,799 shares during the period. AustralianSuper Pty Ltd grew its holdings in Carlisle Companies by 732.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after purchasing an additional 125,687 shares during the period. Holocene Advisors LP grew its holdings in Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock worth $79,594,000 after purchasing an additional 106,539 shares during the period. Finally, Geode Capital Management LLC grew its holdings in 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 purchasing an additional 102,436 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

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Carlisle Companies Stock Performance

CSL stock traded down $8.29 during mid-day trading on Thursday, hitting $339.81. The company had a trading volume of 575,634 shares, compared to its average volume of 348,613. The firm has a market cap of $15.14 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. 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 Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26. The stock's fifty day moving average price is $360.77 and its two-hundred day moving average price is $404.40.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data 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 last year, the business earned $4.17 EPS. On average, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

Insider Activity

In related news, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares of the company's stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction 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. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Oppenheimer restated an "outperform" rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Loop Capital reduced their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies has an average rating of "Moderate Buy" and an average target price of $476.00.

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.