Pinebridge Investments L.P. Raises Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Pinebridge Investments L.P. increased its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,846 shares of the conglomerate's stock after acquiring an additional 817 shares during the period. Pinebridge Investments L.P.'s holdings in Carlisle Companies were worth $4,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CSL. Norges Bank acquired a new position in shares of Carlisle Companies during the 4th quarter valued at about $208,095,000. Wells Fargo & Company MN grew its holdings in shares of Carlisle Companies by 692.1% in the 4th quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate's stock worth $227,527,000 after purchasing an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $148,208,000. Inlight Wealth Management LLC bought a new stake in shares of Carlisle Companies in the 4th quarter worth about $118,038,000. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Carlisle Companies by 732.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate's stock worth $52,691,000 after purchasing an additional 125,687 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company's stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the firm's stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Carlisle Companies Stock Performance

NYSE:CSL traded up $1.77 during mid-day trading on Thursday, hitting $381.25. The stock had a trading volume of 78,668 shares, compared to its average volume of 390,699. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a twelve month low of $311.41 and a twelve month high of $481.26. The company's 50 day simple moving average is $343.89 and its 200 day simple moving average is $386.36.

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 for the quarter, beating the consensus estimate of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.72 EPS. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.05%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CSL. Zelman & Associates upgraded shares of Carlisle Companies from an "underperform" rating to a "neutral" rating in a research report on Monday, April 14th. StockNews.com lowered shares of Carlisle Companies from a "hold" rating to a "sell" rating in a research note on Monday. Robert W. Baird lifted their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Truist Financial reduced their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Loop Capital reduced their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Carlisle Companies has an average rating of "Hold" and an average target price 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.