Integrated Quantitative Investments LLC Invests $297,000 in Carlisle Companies Incorporated (NYSE:CSL)

Integrated Quantitative Investments LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 805 shares of the conglomerate's stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Carlisle Companies in the 4th quarter worth about $208,095,000. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies in the fourth quarter worth about $148,208,000. AustralianSuper Pty Ltd boosted its position in shares of Carlisle Companies by 732.1% in the fourth quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock valued at $52,691,000 after acquiring an additional 125,687 shares during the period. Geode Capital Management LLC grew its stake in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after acquiring an additional 102,436 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Carlisle Companies during the 4th quarter worth approximately $29,839,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

Shares of NYSE CSL traded up $12.19 during mid-day trading on Friday, reaching $348.68. 684,923 shares of the company were exchanged, compared to its average volume of 385,425. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company's 50 day moving average price is $340.91 and its 200 day moving average price is $394.18. The stock has a market capitalization of $15.39 billion, a PE ratio of 12.62, a PEG ratio of 1.03 and a beta of 0.94. 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 results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company earned $4.17 earnings per share. Sell-side 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. Shareholders 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 yield of 1.15%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's payout ratio is currently 14.48%.

Insiders Place Their Bets

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated 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 in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CSL shares. The Goldman Sachs Group cut their price target 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. Oppenheimer reissued an "outperform" rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Loop Capital reduced their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $476.00.

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.