Cubist Systematic Strategies LLC Invests $18.84 Million in Carlisle Companies Incorporated (NYSE:CSL)

Cubist Systematic Strategies LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 51,086 shares of the conglomerate's stock, valued at approximately $18,843,000. Cubist Systematic Strategies LLC owned 0.11% of Carlisle Companies at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Diversify Advisory Services LLC lifted its holdings in shares of Carlisle Companies by 1.7% in the fourth quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock worth $586,000 after buying an additional 26 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate's stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock valued at $489,000 after purchasing an additional 38 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Carlisle Companies by 2.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate's stock worth $535,000 after buying an additional 38 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Carlisle Companies by 6.4% during the fourth quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate's stock valued at $238,000 after buying an additional 39 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CSL has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Loop Capital reduced their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Finally, StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $454.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $385.48 on Tuesday. 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 company has a market capitalization of $16.67 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.03 and a beta of 1.07. The business's 50 day moving average is $346.74 and its two-hundred day moving average is $383.33. Carlisle Companies Incorporated has a 12-month low of $311.41 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. Carlisle Companies's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $3.72 EPS. Analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.04%. Carlisle Companies's payout ratio is 14.89%.

Insider Buying and Selling

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now owns 815 shares of the company's stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company's stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.

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