MeadowBrook Investment Advisors LLC Buys New Position in Carlisle Companies Incorporated (NYSE:CSL)

MeadowBrook Investment Advisors LLC acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,904 shares of the conglomerate's stock, valued at approximately $595,000.

A number of other hedge funds have also made changes to their positions in CSL. Allworth Financial LP grew its position in Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after buying an additional 40 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in Carlisle Companies in the 4th quarter worth approximately $40,000. Mendota Financial Group LLC acquired a new position in Carlisle Companies in the 4th quarter worth approximately $53,000. Tobam acquired a new position in Carlisle Companies in the 4th quarter worth approximately $59,000. Finally, Signaturefd LLC boosted its stake in Carlisle Companies by 28.9% in the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate's stock worth $51,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Performance

CSL traded down $0.19 during trading on Tuesday, hitting $405.28. The stock had a trading volume of 369,548 shares, compared to its average volume of 287,560. The firm has a market cap of $19.40 billion, a PE ratio of 23.53, a P/E/G ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $415.00. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The company has a 50 day simple moving average of $377.35 and a 200-day simple moving average of $326.69.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping the consensus estimate of $2.74 by $0.98. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. Analysts expect that Carlisle Companies Incorporated will post 19.51 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Carlisle Companies's payout ratio is 19.71%.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $959,422.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,387 shares of company stock worth $6,492,789. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.