Freestone Grove Partners LP Acquires New Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Freestone Grove Partners LP bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,450 shares of the conglomerate's stock, valued at approximately $535,000.

A number of other hedge funds also recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Carlisle Companies by 2.2% during the 4th quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after purchasing an additional 29,799 shares during the period. Franklin Resources Inc. lifted its position in Carlisle Companies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock worth $440,476,000 after purchasing an additional 17,206 shares during the period. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 34,021 shares during the period. Wells Fargo & Company MN lifted its position in shares of 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 buying an additional 538,990 shares during the period. Finally, Norges Bank bought a new position in shares of Carlisle Companies during the fourth quarter valued at $208,095,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $1.72 during mid-day trading on Tuesday, reaching $386.77. The company had a trading volume of 428,356 shares, compared to its average volume of 391,932. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a fifty-two week low of $311.41 and a fifty-two week high of $481.26. The company has a market cap of $16.73 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.03 and a beta of 1.07. The business has a fifty day simple moving average of $347.78 and a 200 day simple moving average of $383.35.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $3.72 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CSL. StockNews.com upgraded shares of Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Tuesday. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Loop Capital decreased their target price 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, Robert W. Baird raised their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Three 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 presently has an average rating of "Moderate Buy" and an average target price of $454.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, 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 transaction 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. The trade was a 28.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mehul Patel sold 150 shares of the firm's stock in a transaction dated Saturday, February 8th. The shares were 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 $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is 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.