Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,600 shares of the conglomerate’s stock after purchasing an additional 1,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carlisle Companies were worth $4,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CSL. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the 3rd quarter worth $25,000. True Wealth Design LLC boosted its stake in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after buying an additional 70 shares during the period. Quarry LP grew its stake in shares of Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares in the last quarter. UMB Bank n.a. increased its stake in Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after buying an additional 67 shares during the period. Finally, Covestor Ltd increased its holdings in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CSL shares. Loop Capital cut their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group decreased their price objective 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 reaffirmed an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Trading Up 2.1 %

NYSE:CSL opened at $339.26 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $372.77 and a 200-day simple moving average of $412.61. Carlisle Companies Incorporated has a 52-week low of $332.04 and a 52-week high of $481.26. The company has a market capitalization of $15.12 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released 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 quarter in the prior year, the business earned $4.17 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.18%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, 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 through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % 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 Company 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.