Pinebridge Investments L.P. Acquires 817 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Pinebridge Investments L.P. grew its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 11,846 shares of the conglomerate's stock after buying an additional 817 shares during the quarter. Pinebridge Investments L.P.'s holdings in Carlisle Companies were worth $4,369,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dark Forest Capital Management LP bought a new position in Carlisle Companies in the fourth quarter worth about $261,000. Quantessence Capital LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth approximately $528,000. Hsbc Holdings PLC raised its position in shares of Carlisle Companies by 30.7% in the 4th quarter. Hsbc Holdings PLC now owns 45,875 shares of the conglomerate's stock worth $16,916,000 after acquiring an additional 10,778 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Carlisle Companies by 0.6% in the 4th quarter. Stifel Financial Corp now owns 37,823 shares of the conglomerate's stock valued at $13,950,000 after purchasing an additional 224 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Carlisle Companies by 32.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 272 shares of the conglomerate's stock valued at $100,000 after purchasing an additional 66 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Performance

NYSE CSL traded up $2.27 during trading hours on Tuesday, hitting $379.27. 408,039 shares of the company's stock traded hands, compared to its average volume of 392,948. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The firm has a market capitalization of $16.40 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.03 and a beta of 0.94. 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 business's fifty day moving average price is $342.27 and its two-hundred day moving average price is $386.45.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.72 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CSL shares. Loop Capital lowered their price objective 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. StockNews.com cut shares of Carlisle Companies from a "hold" rating to a "sell" rating in a research report on Monday. Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, 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 report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $454.00.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the firm's stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the sale, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 directly owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company's stock.

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.