Point72 Hong Kong Ltd Makes New $7.12 Million Investment in Carlisle Companies Incorporated (NYSE:CSL)

Point72 Hong Kong Ltd purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,300 shares of the conglomerate's stock, valued at approximately $7,119,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Carlisle Companies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,361,672 shares of the conglomerate's stock valued at $502,239,000 after acquiring an additional 29,799 shares during the period. Franklin Resources Inc. grew its stake in shares of Carlisle Companies by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 1,194,220 shares of the conglomerate's stock valued at $440,476,000 after purchasing an additional 17,206 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Carlisle Companies by 3.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,134,954 shares of the conglomerate's stock valued at $418,617,000 after purchasing an additional 34,021 shares during the period. Wells Fargo & Company MN grew its stake 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 valued at $227,527,000 after purchasing an additional 538,990 shares during the period. Finally, Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter valued at approximately $208,095,000. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Up 2.0%

CSL stock traded up $7.85 during trading hours on Friday, reaching $408.73. 318,557 shares of the stock were exchanged, compared to its average volume of 394,696. The firm's 50-day moving average is $357.82 and its 200-day moving average is $380.92. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. Carlisle Companies's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.72 EPS. On average, equities research analysts expect 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. Investors of record on Monday, May 19th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, May 19th. Carlisle Companies's payout ratio is currently 14.89%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CSL shares. Robert W. Baird upped their price objective on Carlisle Companies from $455.00 to $460.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Truist Financial lowered their price objective on Carlisle Companies from $420.00 to $390.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Zelman & Associates upgraded Carlisle Companies from an "underperform" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, StockNews.com upgraded Carlisle Companies from a "sell" rating to a "hold" rating in a research report on Friday. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $454.00.

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.