Sycomore Asset Management Invests $1.11 Million in Carlisle Companies Incorporated (NYSE:CSL)

Sycomore Asset Management bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the conglomerate's stock, valued at approximately $1,107,000.

Several other hedge funds have also recently made changes to their positions in CSL. FMR LLC grew its stake in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after purchasing an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Carlisle Companies by 6,405.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock worth $80,757,000 after purchasing an additional 176,799 shares during the period. Holocene Advisors LP grew its stake in Carlisle Companies by 151.3% in the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock worth $79,594,000 after purchasing an additional 106,539 shares during the period. Geode Capital Management LLC grew its stake in Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after purchasing an additional 102,436 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Carlisle Companies by 846.9% in the third quarter. Assenagon Asset Management S.A. now owns 62,599 shares of the conglomerate's stock worth $28,154,000 after acquiring an additional 55,988 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the 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 of the company's stock, valued at approximately $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David W. Smith sold 275 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,475 shares of company stock valued at $541,219 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Stock Performance

Shares of NYSE:CSL traded up $6.90 during midday trading on Thursday, reaching $361.04. 599,195 shares of the company's stock traded hands, compared to its average volume of 419,562. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a one year low of $339.10 and a one year high of $481.26. The stock has a 50 day moving average of $385.11 and a 200 day moving average of $415.23.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same quarter in the prior year, the company earned $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 will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's payout ratio is currently 14.48%.

Analysts Set New Price Targets

Several research firms have commented on CSL. Truist Financial began coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. Oppenheimer reissued an "outperform" rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group dropped their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Loop Capital dropped 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average price target of $476.00.

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.