Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,134,954 shares of the conglomerate’s stock after acquiring an additional 34,021 shares during the period. JPMorgan Chase & Co. owned 2.50% of Carlisle Companies worth $418,617,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CSL. Cerity Partners LLC raised its holdings in Carlisle Companies by 49.0% during the third quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock worth $3,126,000 after purchasing an additional 2,285 shares in the last quarter. Private Trust Co. NA raised its stake in Carlisle Companies by 291.2% during the 3rd quarter. Private Trust Co. NA now owns 223 shares of the conglomerate’s stock worth $100,000 after acquiring an additional 166 shares in the last quarter. FMR LLC lifted its position in 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 acquiring an additional 218,002 shares during the last quarter. D.A. Davidson & CO. acquired a new position in Carlisle Companies in the third quarter valued at $226,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Carlisle Companies by 21.1% during the third quarter. BNP Paribas Financial Markets now owns 22,042 shares of the conglomerate’s stock worth $9,913,000 after purchasing an additional 3,845 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Carlisle Companies Trading Down 1.9 %

Shares of CSL stock opened at $342.90 on Friday. The company 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 current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $355.43 and its two-hundred day moving average is $401.52. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the business posted $4.17 EPS. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued 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 dividend payout ratio is currently 14.48%.

Wall Street Analysts Forecast Growth

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

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.