iA Global Asset Management Inc. Increases Holdings in Carlisle Companies Incorporated (NYSE:CSL)

iA Global Asset Management Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 929 shares of the conglomerate’s stock after purchasing an additional 63 shares during the period. iA Global Asset Management Inc.’s holdings in Carlisle Companies were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Pensionfund Sabic purchased a new position in shares of Carlisle Companies during the 4th quarter worth approximately $1,291,000. Geode Capital Management LLC grew its holdings in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. Meridian Wealth Management LLC purchased a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $631,000. Nordea Investment Management AB grew its holdings in shares of 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. Finally, Moody National Bank Trust Division purchased a new position in shares of Carlisle Companies during the 4th quarter worth approximately $872,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, 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. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Stock Performance

CSL stock opened at $336.89 on Friday. The stock has a market capitalization of $15.01 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. 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 stock’s 50 day simple moving average is $359.46 and its 200 day simple moving average is $403.35.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (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 period in the previous year, the firm posted $4.17 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.19%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

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.