Prudential PLC Purchases 8,006 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Prudential PLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 122.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,549 shares of the conglomerate's stock after buying an additional 8,006 shares during the quarter. Prudential PLC's holdings in Carlisle Companies were worth $5,366,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CSL. Pitcairn Co. bought a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $214,000. Headlands Technologies LLC purchased a new stake in Carlisle Companies in the 4th quarter worth approximately $927,000. National Bank of Canada FI boosted its holdings in Carlisle Companies by 37.0% in the 4th quarter. National Bank of Canada FI now owns 2,455 shares of the conglomerate's stock valued at $906,000 after purchasing an additional 663 shares during the period. Roundview Capital LLC grew its position in shares of Carlisle Companies by 4.6% during the 4th quarter. Roundview Capital LLC now owns 24,392 shares of the conglomerate's stock valued at $8,997,000 after purchasing an additional 1,077 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after purchasing an additional 17,206 shares during the period. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Price Performance

CSL traded up $12.19 during trading on Friday, reaching $348.68. The stock had a trading volume of 684,923 shares, compared to its average volume of 385,425. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The business has a 50-day moving average of $340.91 and a 200-day moving average of $394.18. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26. The stock has a market cap of $15.39 billion, a PE ratio of 12.62, a PEG ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $4.17 EPS. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared 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. This represents a $4.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.48%.

Insider Transactions at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated 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 owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. 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 report on Friday, January 10th. Finally, Oppenheimer reissued an "outperform" rating and set 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $476.00.

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.