401,822 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 401,822 shares of the conglomerate’s stock, valued at approximately $148,208,000. Carlisle Companies accounts for approximately 1.7% of Madison Investment Advisors LLC’s portfolio, making the stock its 10th biggest holding. Madison Investment Advisors LLC owned approximately 0.89% of Carlisle Companies as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Carlisle Companies by 1.4% in the third 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 period. FMR LLC raised its stake in shares of Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after buying an additional 218,002 shares during the period. Geode Capital Management LLC raised its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after buying an additional 102,436 shares during the period. Truist Financial Corp raised 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 valued at $133,776,000 after buying an additional 13,505 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carlisle Companies by 14.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after buying an additional 41,766 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Down 0.3 %

Shares of NYSE:CSL opened at $329.68 on Thursday. Carlisle Companies Incorporated has a 52-week low of $321.93 and a 52-week high of $481.26. The firm has a market capitalization of $14.69 billion, a P/E ratio of 11.93, a P/E/G ratio of 1.03 and a beta of 0.99. The stock has a 50 day moving average price of $363.79 and a 200-day moving average price of $407.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share 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 prior year, the company posted $4.17 EPS. As a group, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.21%. Carlisle Companies’s payout ratio is currently 14.48%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSL shares. 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 research note on Friday, January 10th. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer restated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling

In related 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 of the company’s stock, valued at approximately $930,724.60. This trade 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 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 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. 1.50% of the stock is currently owned by company 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.