IFM Investors Pty Ltd Purchases 467 Shares of Carlisle Companies Incorporated (NYSE:CSL)

IFM Investors Pty Ltd increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,009 shares of the conglomerate’s stock after acquiring an additional 467 shares during the quarter. IFM Investors Pty Ltd’s holdings in Carlisle Companies were worth $4,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSL. Allworth Financial LP increased its position in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Carlisle Companies during the 4th quarter valued at about $31,000. Principal Securities Inc. acquired a new position in Carlisle Companies during the 4th quarter valued at about $32,000. Tennessee Valley Asset Management Partners acquired a new stake in Carlisle Companies in the fourth quarter worth about $40,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Carlisle Companies by 38.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 3,815 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock traded up $18.53 on Friday, hitting $400.56. The company had a trading volume of 681,997 shares, compared to its average volume of 251,156. The firm has a market cap of $19.15 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.36 and a beta of 0.93. Carlisle Companies Incorporated has a twelve month low of $205.10 and a twelve month high of $415.00. The company has a 50-day moving average price of $371.87 and a 200-day moving average price of $320.12. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a return on equity of 30.23% and a net margin of 17.13%. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 18.72 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.85%. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,255 shares of company stock worth $5,231,360. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several research analyst reports. Oppenheimer increased 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. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price for the company. Robert W. Baird boosted their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $398.33.

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.