Prudential PLC Has $5.37 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Prudential PLC boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 122.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,549 shares of the conglomerate’s stock after buying an additional 8,006 shares during the quarter. Prudential PLC’s holdings in Carlisle Companies were worth $5,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its holdings in Carlisle Companies by 475.0% in the fourth quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 57 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after acquiring an additional 78 shares during the last quarter. Quarry LP raised its position in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after acquiring an additional 57 shares during the period. UMB Bank n.a. boosted 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 acquiring an additional 67 shares during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new position in Carlisle Companies during the fourth quarter valued at approximately $93,000. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated 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 in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CSL. 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. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Down 0.1 %

Shares of CSL stock opened at $326.87 on Friday. Carlisle Companies Incorporated has a 12-month low of $312.60 and a 12-month high of $481.26. 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 firm has a fifty day moving average of $348.76 and a 200-day moving average of $398.95. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $4.17 earnings per share. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

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.