Handelsbanken Fonder AB Purchases 11,500 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Handelsbanken Fonder AB lifted its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 141,709 shares of the conglomerate's stock after buying an additional 11,500 shares during the period. Handelsbanken Fonder AB owned 0.31% of Carlisle Companies worth $52,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Tributary Capital Management LLC lifted its stake in shares of Carlisle Companies by 1.1% during the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate's stock valued at $1,023,000 after buying an additional 24 shares during the period. Diversify Advisory Services LLC increased its position in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate's stock worth $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. increased its position in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock worth $3,874,000 after purchasing an additional 25 shares during the last quarter. Metis Global Partners LLC increased its position in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock worth $273,000 after purchasing an additional 30 shares during the last quarter. Finally, Covestor Ltd increased its position in Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock worth $89,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on CSL. Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, January 10th. 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 report on Friday, December 20th. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. The Goldman Sachs Group dropped their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $476.00.

Carlisle Companies Stock Down 2.5 %

NYSE CSL traded down $8.65 during trading hours on Friday, reaching $334.48. 453,276 shares of the company traded hands, compared to its average volume of 431,738. The company has a 50 day moving average of $375.76 and a two-hundred day moving average of $412.86. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12 month low of $332.34 and a 12 month high of $481.26. The stock has a market capitalization of $14.90 billion, a PE ratio of 12.11, a PEG ratio of 1.05 and a beta of 0.96.

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 (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 company posted $4.17 EPS. As a group, equities analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.20%. 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 firm's stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

About Carlisle Companies

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.