Bessemer Group Inc. Buys 3,098 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Bessemer Group Inc. lifted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,461 shares of the conglomerate’s stock after acquiring an additional 3,098 shares during the quarter. Bessemer Group Inc. owned approximately 1.03% of Carlisle Companies worth $171,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSL. Invesco Ltd. raised its holdings in Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate’s stock worth $502,239,000 after purchasing an additional 29,799 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate’s stock valued at $440,476,000 after buying an additional 17,206 shares during the period. JPMorgan Chase & Co. lifted its holdings in Carlisle Companies by 3.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate’s stock valued at $418,617,000 after buying an additional 34,021 shares during the period. Geode Capital Management LLC boosted its position in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after acquiring an additional 102,436 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Carlisle Companies by 692.1% during the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after acquiring an additional 538,990 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the company’s 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 of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred 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 directly owns 815 shares in the company, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Carlisle Companies Trading Down 3.2 %

Shares of Carlisle Companies stock opened at $316.54 on Wednesday. The stock has a market capitalization of $13.97 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 52 week low of $311.79 and a 52 week high of $481.26. The stock has a 50 day moving average price of $344.32 and a two-hundred day moving average price of $396.57. 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 announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS 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 quarter last year, the firm posted $4.17 earnings per share. As a group, equities analysts anticipate 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 was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.26%. Carlisle Companies’s payout ratio is 14.48%.

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.