Carlisle Companies Incorporated (NYSE:CSL) Stake Raised by MetLife Investment Management LLC

MetLife Investment Management LLC increased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,748 shares of the conglomerate's stock after acquiring an additional 1,629 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Carlisle Companies worth $9,497,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CSL. Barclays PLC boosted its position in shares of Carlisle Companies by 31.3% in the third quarter. Barclays PLC now owns 60,920 shares of the conglomerate's stock worth $27,399,000 after acquiring an additional 14,526 shares during the last quarter. Advisory Resource Group lifted its position in Carlisle Companies by 3.6% during the third quarter. Advisory Resource Group now owns 10,590 shares of the conglomerate's stock valued at $4,763,000 after buying an additional 366 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in Carlisle Companies by 0.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,028 shares of the conglomerate's stock valued at $3,161,000 after buying an additional 59 shares in the last quarter. Tidal Investments LLC lifted its position in Carlisle Companies by 23.9% during the third quarter. Tidal Investments LLC now owns 7,137 shares of the conglomerate's stock valued at $3,210,000 after buying an additional 1,379 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Carlisle Companies by 1.4% during the third quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate's stock valued at $566,061,000 after buying an additional 16,303 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Down 1.5 %

Shares of NYSE:CSL traded down $5.59 during midday trading on Friday, reaching $375.80. The company had a trading volume of 558,476 shares, compared to its average volume of 392,847. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The stock's fifty day moving average price is $341.75 and its 200-day moving average price is $387.11. The stock has a market capitalization of $16.59 billion, a P/E ratio of 13.60, a PEG ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a one year low of $311.41 and a one year 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 (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.08. The business had revenue of $1.10 billion during 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%. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.06%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Insider Buying and Selling

In related news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mehul Patel sold 150 shares of the firm's stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CSL shares. Loop Capital reduced their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Truist Financial reduced their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday. Robert W. Baird lifted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research report on Thursday. The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Zelman & Associates raised shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $454.00.

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.