UniSuper Management Pty Ltd Lowers Position in Carlisle Companies Incorporated (NYSE:CSL)

UniSuper Management Pty Ltd lessened its stake in Carlisle Companies Incorporated (NYSE:CSL) by 70.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900 shares of the conglomerate’s stock after selling 2,167 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Carlisle Companies were worth $332,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CSL. Pensionfund Sabic acquired a new position in Carlisle Companies in the fourth quarter valued at $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 purchasing an additional 102,436 shares during the period. Nordea Investment Management AB increased its position in 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 purchasing an additional 145 shares in the last quarter. Moody National Bank Trust Division purchased a new position in Carlisle Companies in the fourth quarter valued at approximately $872,000. Finally, Asset Management One Co. Ltd. raised its holdings in Carlisle Companies by 5.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after buying an additional 1,102 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $341.00 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The company’s fifty day moving average price is $354.24 and its two-hundred day moving average price is $401.09. The firm has a market capitalization of $15.05 billion, a P/E ratio of 12.34, a P/E/G 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.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS 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 period in the previous year, the business earned $4.17 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Ratings Changes

CSL has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital lowered their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Buying and Selling

In related news, VP Mehul Patel sold 150 shares of the business’s 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 completion of the sale, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 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.