OFI Invest Asset Management Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

OFI Invest Asset Management purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,231 shares of the conglomerate's stock, valued at approximately $2,576,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Carlisle Companies by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 7,737 shares of the conglomerate's stock worth $3,550,000 after purchasing an additional 768 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Carlisle Companies by 100.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 1,080 shares of the conglomerate's stock worth $486,000 after buying an additional 540 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Carlisle Companies in the 3rd quarter worth about $25,000. Equitable Trust Co. lifted its stake in Carlisle Companies by 0.3% during the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate's stock valued at $3,874,000 after acquiring an additional 25 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Carlisle Companies during the 3rd quarter valued at about $1,553,000. Institutional investors own 89.52% of the company's stock.

Insider Transactions at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the business's stock in a transaction that occurred on 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 directly owns 815 shares of the company's stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 sale, the director now directly owns 2,665 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.50% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on CSL. Oppenheimer restated an "outperform" rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price target on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective for the company. Finally, Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $476.00.

Carlisle Companies Stock Performance

Carlisle Companies stock traded down $2.94 during trading on Thursday, reaching $326.61. The company had a trading volume of 485,603 shares, compared to its average volume of 428,388. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm's 50-day simple moving average is $363.79 and its 200 day simple moving average is $407.17. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating 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 quarter in the previous year, the company posted $4.17 EPS. 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 company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.22%. Carlisle Companies's payout ratio is currently 14.48%.

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.