Pensionfund Sabic Purchases New Shares in Carlisle Companies Incorporated (NYSE:CSL)

Pensionfund Sabic bought 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 3,500 shares of the conglomerate's stock, valued at approximately $1,291,000.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in Carlisle Companies by 3.9% during the 4th quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate's stock worth $1,440,000 after acquiring an additional 145 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Carlisle Companies in the fourth quarter worth $295,000. GAMMA Investing LLC boosted its stake in Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock valued at $489,000 after buying an additional 38 shares during the period. Retirement Systems of Alabama grew its position in Carlisle Companies by 0.4% during the third quarter. Retirement Systems of Alabama now owns 100,593 shares of the conglomerate's stock worth $45,242,000 after buying an additional 406 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate's stock worth $566,061,000 after acquiring an additional 16,303 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

Carlisle Companies Trading Down 1.8 %

Shares of Carlisle Companies stock traded down $6.59 during trading on Tuesday, reaching $364.85. The company's stock had a trading volume of 319,876 shares, compared to its average volume of 280,794. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 52-week low of $297.25 and a 52-week high of $481.26. The firm's 50-day moving average is $421.02 and its two-hundred day moving average is $422.58. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.41 and a beta of 0.96.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $4.68 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies's dividend payout ratio is 14.15%.

Analyst Ratings Changes

CSL has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Oppenheimer reissued an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $470.00.

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.