Magnetar Financial LLC Increases Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Magnetar Financial LLC grew its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 388.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,713 shares of the conglomerate's stock after purchasing an additional 6,135 shares during the quarter. Magnetar Financial LLC's holdings in Carlisle Companies were worth $2,845,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Algebris UK Ltd acquired a new stake in Carlisle Companies in the 4th quarter worth about $715,000. Xponance Inc. boosted its stake in shares of Carlisle Companies by 4.6% in the fourth quarter. Xponance Inc. now owns 8,142 shares of the conglomerate's stock worth $3,003,000 after acquiring an additional 358 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Carlisle Companies by 59.9% during the fourth quarter. Intech Investment Management LLC now owns 43,949 shares of the conglomerate's stock worth $16,210,000 after purchasing an additional 16,472 shares in the last quarter. Generali Asset Management SPA SGR acquired a new position in Carlisle Companies in the 4th quarter valued at $93,000. Finally, Tocqueville Asset Management L.P. lifted its holdings in Carlisle Companies by 6.0% in the 4th quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate's stock valued at $1,614,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Carlisle Companies Trading Up 0.1 %

Shares of CSL stock traded up $0.26 on Tuesday, hitting $348.96. 541,117 shares of the stock traded hands, compared to its average volume of 354,224. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26. The stock has a market capitalization of $15.41 billion, a PE ratio of 12.63, a PEG ratio of 1.03 and a beta of 0.99. The firm's 50-day moving average price is $358.97 and its two-hundred day moving average price is $402.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

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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 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 period in the previous year, the business posted $4.17 earnings per share. As a group, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.15%. Carlisle Companies's dividend payout ratio (DPR) is 14.48%.

Insiders Place Their Bets

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the 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 completion of the transaction, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CSL shares. 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 report on Tuesday, January 14th. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.