Point72 Asset Management L.P. Takes $55.10 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Point72 Asset Management L.P. acquired a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 149,397 shares of the conglomerate's stock, valued at approximately $55,104,000. Point72 Asset Management L.P. owned approximately 0.33% of Carlisle Companies as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CSL. Barclays PLC boosted its stake in shares of Carlisle Companies by 31.3% during the third quarter. Barclays PLC now owns 60,920 shares of the conglomerate's stock valued at $27,399,000 after purchasing an additional 14,526 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Carlisle Companies in the 4th quarter valued at $615,000. Park Avenue Securities LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth $255,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Carlisle Companies by 371.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 363 shares of the conglomerate's stock valued at $134,000 after purchasing an additional 286 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Carlisle Companies by 12.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate's stock valued at $481,000 after purchasing an additional 149 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $400.66 on Friday. 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 twelve month low of $311.41 and a twelve month high of $481.26. The company's 50 day moving average is $356.27 and its 200 day moving average is $381.28. The company has a market cap of $17.33 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion for 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%. The firm's revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $3.72 earnings per share. On average, sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Analyst Ratings Changes

CSL has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. StockNews.com raised Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday. Truist Financial reduced their target price on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, Zelman & Associates raised Carlisle Companies from an "underperform" rating to a "neutral" rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $454.00.

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.

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