Generali Asset Management SPA SGR Takes $93,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Generali Asset Management SPA SGR acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252 shares of the conglomerate’s stock, valued at approximately $93,000.

A number of other large investors have also recently added to or reduced their stakes in CSL. Caprock Group LLC acquired a new position in Carlisle Companies in the third quarter valued at approximately $355,000. Commerce Bank lifted its holdings in Carlisle Companies by 23.1% in the third quarter. Commerce Bank now owns 10,847 shares of the conglomerate’s stock valued at $4,878,000 after acquiring an additional 2,034 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Carlisle Companies by 3.8% in the third quarter. Advisors Asset Management Inc. now owns 12,469 shares of the conglomerate’s stock valued at $5,608,000 after acquiring an additional 456 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Carlisle Companies by 558.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 23,480 shares of the conglomerate’s stock valued at $10,560,000 after acquiring an additional 19,916 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Carlisle Companies by 12.9% in the third quarter. Citigroup Inc. now owns 43,443 shares of the conglomerate’s stock valued at $19,538,000 after acquiring an additional 4,980 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Carlisle Companies 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on 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 represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 0.7 %

Shares of NYSE CSL opened at $336.89 on Friday. The stock has a market cap of $15.01 billion, a P/E ratio of 12.19, a PEG ratio of 1.03 and a beta of 0.99. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. The business’s fifty day simple moving average is $359.46 and its 200-day simple moving average is $403.35.

Carlisle Companies (NYSE:CSL) last announced 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 company earned $4.17 EPS. As a group, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

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

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent analyst reports. Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group decreased their price target 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. Finally, Oppenheimer restated an “outperform” rating and set a $495.00 price target (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 assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.