Vontobel Holding Ltd. Raises Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Vontobel Holding Ltd. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,140 shares of the conglomerate’s stock after buying an additional 223 shares during the period. Vontobel Holding Ltd.’s holdings in Carlisle Companies were worth $420,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSL. Blue Trust Inc. increased its stake in shares of Carlisle Companies by 225.2% during the third quarter. Blue Trust Inc. now owns 722 shares of the conglomerate’s stock worth $325,000 after buying an additional 500 shares during the period. Signaturefd LLC increased its stake in shares of Carlisle Companies by 238.9% during the third quarter. Signaturefd LLC now owns 827 shares of the conglomerate’s stock worth $372,000 after buying an additional 583 shares during the period. Eastern Bank purchased a new stake in shares of Carlisle Companies during the third quarter worth approximately $585,000. Private Advisor Group LLC increased its stake in shares of Carlisle Companies by 24.1% during the third quarter. Private Advisor Group LLC now owns 823 shares of the conglomerate’s stock worth $370,000 after buying an additional 160 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Carlisle Companies during the third quarter worth approximately $107,210,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $343.49 on Friday. The firm has a market capitalization of $15.31 billion, a P/E ratio of 12.43, a P/E/G ratio of 1.06 and a beta of 0.96. Carlisle Companies Incorporated has a 52 week low of $340.61 and a 52 week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $377.47 and its two-hundred day moving average is $413.16.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the prior year, the company earned $4.17 earnings per share. Research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders 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 1.16%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s payout ratio is currently 14.48%.

Insider Activity

In related news, VP Mehul Patel sold 150 shares of the stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Loop Capital dropped their price target 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. The Goldman Sachs Group dropped their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.