OFI Invest Asset Management Invests $2.58 Million in Carlisle Companies Incorporated (NYSE:CSL)

OFI Invest Asset Management bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,231 shares of the conglomerate’s stock, valued at approximately $2,576,000.

Several other large investors have also recently bought and sold shares of CSL. EFG Asset Management Americas Corp. raised its position in shares of Carlisle Companies by 19.7% during the fourth quarter. EFG Asset Management Americas Corp. now owns 7,313 shares of the conglomerate’s stock valued at $2,697,000 after buying an additional 1,206 shares during the last quarter. Andra AP fonden increased its stake in Carlisle Companies by 26.1% during the fourth quarter. Andra AP fonden now owns 34,300 shares of the conglomerate’s stock valued at $12,651,000 after acquiring an additional 7,100 shares during the period. Callan Family Office LLC acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $333,000. Welch & Forbes LLC lifted its position in shares of Carlisle Companies by 4.2% in the 4th quarter. Welch & Forbes LLC now owns 93,248 shares of the conglomerate’s stock worth $34,394,000 after acquiring an additional 3,800 shares during the period. Finally, Candriam S.C.A. grew its holdings in shares of Carlisle Companies by 1,043.6% during the 4th quarter. Candriam S.C.A. now owns 76,837 shares of the conglomerate’s stock worth $28,341,000 after purchasing an additional 70,118 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Carlisle Companies 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 approximately $285,681.95. This represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the 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 transaction, the director now owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Price Performance

NYSE:CSL opened at $336.08 on Friday. 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 market cap of $14.98 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a 12 month low of $321.93 and a 12 month high of $481.26. The company’s 50-day moving average price is $365.97 and its two-hundred day moving average price is $408.90.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 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 last year, the firm posted $4.17 EPS. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.19%. Carlisle Companies’s dividend payout ratio is 14.48%.

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.