Carlisle Companies Incorporated (NYSE:CSL) Shares Bought by Kinsale Capital Group Inc.

Key Points

• Kinsale Capital Group Inc. increased its stake in Carlisle Companies by 141.1%, acquiring an additional 6,787 shares, bringing its total to 11,597 shares valued at approximately $3.95 million.
• Other institutional investors have also significantly adjusted their positions, including Norges Bank, which purchased about $208 million worth of shares, and a remarkable 38,164.5% increase in stake by GAMMA Investing LLC.
• Carlisle Companies recently declared a quarterly $1.00 dividend, with an annual yield of 0.92%, and has a consensus price target of $461.67 following several analyst upgrades.

Kinsale Capital Group Inc. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 141.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,597 shares of the conglomerate's stock after buying an additional 6,787 shares during the period. Kinsale Capital Group Inc.'s holdings in Carlisle Companies were worth $3,949,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CSL. LPL Financial LLC boosted its position in Carlisle Companies by 5.1% during the fourth quarter. LPL Financial LLC now owns 47,391 shares of the conglomerate's stock valued at $17,480,000 after purchasing an additional 2,305 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Carlisle Companies by 9.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,377 shares of the conglomerate's stock valued at $12,758,000 after purchasing an additional 3,023 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Carlisle Companies by 3.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after purchasing an additional 34,021 shares in the last quarter. Norges Bank bought a new stake in Carlisle Companies during the fourth quarter valued at about $208,095,000. Finally, New Age Alpha Advisors LLC bought a new stake in Carlisle Companies during the fourth quarter valued at about $178,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock traded down $8.28 on Monday, reaching $426.83. 391,887 shares of the stock were exchanged, compared to its average volume of 430,236. The company has a quick ratio of 1.69, a current ratio of 2.58 and a debt-to-equity ratio of 0.87. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.31 and a beta of 1.03. The business has a 50 day moving average price of $389.04 and a two-hundred day moving average price of $370.78.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is 14.89%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSL. Wall Street Zen raised Carlisle Companies from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Truist Financial lowered their price target on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Robert W. Baird raised their price target on Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. began coverage on Carlisle Companies in a report on Tuesday, June 24th. They issued an "overweight" rating and a $500.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $461.67.

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.