564,188 Shares in Carlisle Companies Incorporated (NYSE:CSL) Acquired by Norges Bank

Norges Bank acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 564,188 shares of the conglomerate’s stock, valued at approximately $208,095,000. Norges Bank owned about 1.24% of Carlisle Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CSL. Franklin Resources Inc. lifted its position in shares of Carlisle Companies by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after buying an additional 16,303 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Carlisle Companies by 3.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after acquiring an additional 34,021 shares during the period. Geode Capital Management LLC lifted its holdings in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Carlisle Companies during the fourth quarter worth about $148,208,000. Finally, Truist Financial Corp increased its stake in shares of Carlisle Companies by 3.9% in the fourth quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock worth $133,776,000 after purchasing an additional 13,505 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The stock was 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 approximately $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mehul Patel sold 150 shares of the firm’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 transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This 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.

Carlisle Companies Stock Down 1.9 %

CSL opened at $342.90 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a one year low of $321.93 and a one year high of $481.26. The firm has a market capitalization of $15.14 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The company has a fifty day moving average price of $355.43 and a 200-day moving average price of $401.53.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $4.17 EPS. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.17%. Carlisle Companies’s payout ratio is presently 14.48%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several analyst reports. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group cut their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Oppenheimer reiterated 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Company 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.