Invesco Ltd. Grows Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Invesco Ltd. boosted its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,361,672 shares of the conglomerate's stock after purchasing an additional 29,799 shares during the quarter. Invesco Ltd. owned approximately 3.00% of Carlisle Companies worth $502,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CSL. Pensionfund Sabic bought a new stake in Carlisle Companies during the fourth quarter valued at $1,291,000. Geode Capital Management LLC raised its holdings in shares of Carlisle Companies by 13.3% in the 3rd 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. Nordea Investment Management AB raised its holdings in shares of Carlisle Companies by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock valued at $1,440,000 after acquiring an additional 145 shares in the last quarter. Moody National Bank Trust Division bought a new stake in shares of Carlisle Companies during the 4th quarter valued at about $872,000. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate's stock worth $7,695,000 after purchasing an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

CSL has been the subject of several research analyst reports. The Goldman Sachs Group dropped their target price 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. Oppenheimer reaffirmed an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday. Finally, Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Three 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $476.00.

Carlisle Companies Stock Up 1.2 %

NYSE:CSL traded up $4.26 during mid-day trading on Monday, hitting $351.86. 85,734 shares of the company's stock were exchanged, compared to its average volume of 384,634. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The business has a fifty day moving average price of $340.91 and a 200 day moving average price of $393.82. The company has a market cap of $15.53 billion, a PE ratio of 12.73, a P/E/G 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.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 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 previous year, the company earned $4.17 EPS. Equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is currently 14.48%.

Insider Buying and Selling

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the 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 transaction, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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.