Vinva Investment Management Ltd Has $1.72 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Vinva Investment Management Ltd reduced its position in Carlisle Companies Incorporated (NYSE:CSL) by 82.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,667 shares of the conglomerate’s stock after selling 21,932 shares during the period. Vinva Investment Management Ltd’s holdings in Carlisle Companies were worth $1,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. increased its stake in shares of Carlisle Companies by 4.6% in the 4th quarter. Xponance Inc. now owns 8,142 shares of the conglomerate’s stock valued at $3,003,000 after buying an additional 358 shares during the period. Intech Investment Management LLC grew its stake in shares of Carlisle Companies by 59.9% during the fourth quarter. Intech Investment Management LLC now owns 43,949 shares of the conglomerate’s stock worth $16,210,000 after purchasing an additional 16,472 shares during the period. Generali Asset Management SPA SGR acquired a new stake in shares of Carlisle Companies during the fourth quarter worth $93,000. Tocqueville Asset Management L.P. grew its stake in shares of Carlisle Companies by 6.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 4,375 shares of the conglomerate’s stock worth $1,614,000 after purchasing an additional 248 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Carlisle Companies by 13.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock worth $561,000 after purchasing an additional 176 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

CSL stock opened at $339.81 on Friday. The business’s 50-day moving average price is $360.12 and its two-hundred day moving average price is $403.95. 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 has a market cap of $15.14 billion, a PE ratio of 12.30, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 1-year low of $321.93 and a 1-year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 earned $4.17 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued 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 1.18%. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CSL shares. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group decreased 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. Finally, Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Activity

In other news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.