International Assets Investment Management LLC Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

International Assets Investment Management LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,309 shares of the conglomerate’s stock, valued at approximately $47,830,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Pacer Advisors Inc. lifted its holdings in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares during the period. Morgan Stanley boosted its holdings in shares of Carlisle Companies by 3.6% in the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Carlisle Companies by 4,974.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 85,000 shares of the conglomerate’s stock worth $22,037,000 after acquiring an additional 83,325 shares during the period. Invesco Ltd. raised its holdings in shares of Carlisle Companies by 36.9% during the third quarter. Invesco Ltd. now owns 269,752 shares of the conglomerate’s stock worth $69,936,000 after purchasing an additional 72,741 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Carlisle Companies by 63.0% during the third quarter. Envestnet Asset Management Inc. now owns 163,647 shares of the conglomerate’s stock valued at $42,427,000 after purchasing an additional 63,260 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Trading Up 0.9 %

Shares of NYSE:CSL opened at $398.54 on Friday. The business’s 50 day moving average price is $375.38 and its 200-day moving average price is $323.74. Carlisle Companies Incorporated has a 1 year low of $205.10 and a 1 year high of $415.00. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.57.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 19.51 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies’s payout ratio is 19.71%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. The Goldman Sachs Group assumed coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Oppenheimer raised their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Loop Capital boosted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the sale, the insider now directly owns 5,212 shares in the company, valued at $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $959,422.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is owned by insiders.

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.