Victory Capital Management Inc. Boosts Stake in Carlisle Companies Incorporated (NYSE:CSL)

Victory Capital Management Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,734 shares of the conglomerate's stock after purchasing an additional 4,862 shares during the quarter. Victory Capital Management Inc. owned approximately 0.29% of Carlisle Companies worth $43,657,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Morgan Stanley raised its stake in Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate's stock valued at $668,430,000 after buying an additional 90,597 shares in the last quarter. FMR LLC boosted its holdings in Carlisle Companies by 1.5% in the third quarter. FMR LLC now owns 829,655 shares of the conglomerate's stock worth $215,096,000 after purchasing an additional 12,552 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate's stock worth $131,665,000 after purchasing an additional 413,691 shares during the period. Platinum Investment Management Ltd. raised its holdings in shares of Carlisle Companies by 13.8% during the third quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate's stock worth $83,868,000 after purchasing an additional 39,227 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Carlisle Companies by 2.6% in the 4th quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate's stock valued at $100,359,000 after buying an additional 8,195 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CSL shares. Loop Capital lifted their target price on Carlisle Companies from $375.00 to $440.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Robert W. Baird boosted their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an "outperform" rating in a report on Friday, April 26th. The Goldman Sachs Group started coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price target for the company. Oppenheimer lifted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an "outperform" rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies has an average rating of "Moderate Buy" and an average target price of $416.00.

Carlisle Companies Price Performance

Shares of NYSE CSL traded up $7.37 during mid-day trading on Monday, reaching $405.84. 313,929 shares of the company traded hands, compared to its average volume of 286,683. Carlisle Companies Incorporated has a fifty-two week low of $205.10 and a fifty-two week high of $415.00. The firm has a market cap of $19.43 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. The stock has a fifty day simple moving average of $376.23 and a 200-day simple moving average of $325.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $993.06 million. Equities research analysts anticipate that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, May 17th. Carlisle Companies's dividend payout ratio is currently 19.71%.

Insider Transactions at Carlisle Companies

In other news, CAO Stephen Aldrich sold 1,095 shares of the company's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the sale, the chief accounting officer now owns 1,624 shares in the company, valued at approximately $645,540. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now directly owns 5,212 shares of the company's stock, valued at $1,770,203.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the transaction, the chief accounting officer now directly owns 1,624 shares of the company's stock, valued at $645,540. The disclosure for this sale can be found here. Insiders sold 18,387 shares of company stock valued at $6,492,789 in the last three months. Corporate insiders own 1.50% of the company's stock.

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.