MetLife Investment Management LLC Raises Holdings in Carlisle Companies Incorporated (NYSE:CSL)

MetLife Investment Management LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,748 shares of the conglomerate’s stock after buying an additional 1,629 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of Carlisle Companies worth $9,497,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Pensionfund Sabic acquired a new stake in shares of Carlisle Companies during the fourth quarter valued at $1,291,000. Nordea Investment Management AB grew its holdings in shares of Carlisle Companies by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 3,897 shares of the conglomerate’s stock worth $1,440,000 after buying an additional 145 shares in the last quarter. Moody National Bank Trust Division acquired a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $872,000. Asset Management One Co. Ltd. lifted its stake in shares of Carlisle Companies by 5.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 20,685 shares of the conglomerate’s stock valued at $7,695,000 after buying an additional 1,102 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in Carlisle Companies by 2.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Down 1.5 %

Shares of CSL opened at $347.82 on Tuesday. The stock’s fifty day simple moving average is $340.93 and its 200 day simple moving average is $389.77. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. 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 firm has a market capitalization of $15.36 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating 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 last year, the company posted $4.17 EPS. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

Insider Activity

In other news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction on Saturday, February 8th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now directly owns 2,665 shares in the company, valued at $930,724.60. This trade 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 Upgrades and Downgrades

CSL has been the topic of a number of recent analyst reports. Loop Capital reduced their price target 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. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $476.00.

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.