R Squared Ltd Buys New Stake in Carlisle Companies Incorporated (NYSE:CSL)

R Squared Ltd purchased a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 380 shares of the conglomerate’s stock, valued at approximately $140,000.

Several other institutional investors have also bought and sold shares of CSL. Franklin Resources Inc. increased its holdings in shares of Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after buying an additional 16,303 shares during the last quarter. FMR LLC increased its stake in Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares during the last quarter. Geode Capital Management LLC raised its position in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Carlisle Companies by 14.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after purchasing an additional 41,766 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its holdings in shares of Carlisle Companies by 5.7% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate’s stock worth $91,192,000 after purchasing an additional 11,023 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $389.53 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The firm has a market cap of $17.66 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The firm’s 50 day simple moving average is $404.24 and its 200-day simple moving average is $419.74. Carlisle Companies Incorporated has a one year low of $310.04 and a one year high of $481.26.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is 14.15%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSL. Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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 report on Friday, January 10th. Truist Financial began coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies has an average rating of “Moderate Buy” and a consensus target price of $476.00.

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.