Catalyst Funds Management Pty Ltd Acquires 2,300 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Catalyst Funds Management Pty Ltd lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 287.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,100 shares of the conglomerate's stock after buying an additional 2,300 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Carlisle Companies were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. Madison Investment Advisors LLC purchased a new position in shares of Carlisle Companies in the 4th quarter worth approximately $148,208,000. FMR LLC raised its holdings in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after purchasing an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Carlisle Companies by 6,405.8% in the 3rd 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 raised its holdings in shares of 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 purchasing an additional 125,687 shares during the period. Finally, Holocene Advisors LP raised its holdings in shares of Carlisle Companies by 151.3% in the 3rd 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. Hedge funds and other institutional investors own 89.52% of the company's stock.

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Carlisle Companies Price Performance

NYSE:CSL traded up $7.97 during midday trading on Wednesday, hitting $348.22. The company had a trading volume of 476,567 shares, compared to its average volume of 347,553. Carlisle Companies Incorporated has a 52-week low of $321.93 and a 52-week high of $481.26. The stock's fifty day moving average price is $361.27 and its 200-day moving average price is $404.80. The company has a market capitalization of $15.52 billion, a PE ratio of 12.60, a P/E/G ratio of 1.03 and a beta of 0.99. 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 issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating 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 quarter in the prior year, the business earned $4.17 earnings per share. As a group, research 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. 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 payout ratio is 14.48%.

Insider Activity

In related news, Director Jonathan R. Collins sold 1,050 shares of the firm'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 sale, the director now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of Carlisle Companies 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 directly owns 815 shares of the company's stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

CSL has been the topic of a number of research reports. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital decreased their price target 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. Finally, The Goldman Sachs Group decreased their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

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.