Barclays PLC Acquires 451,662 Shares of Carlisle Companies Incorporated $CSL

Barclays PLC boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 947.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 499,341 shares of the conglomerate’s stock after purchasing an additional 451,662 shares during the quarter. Barclays PLC owned 1.19% of Carlisle Companies worth $164,263,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CSL. Bank of New York Mellon Corp increased its holdings in shares of Carlisle Companies by 113.9% during the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after purchasing an additional 558,710 shares during the period. Sands Capital Management LLC bought a new stake in shares of Carlisle Companies in the second quarter valued at approximately $159,203,000. JPMorgan Chase & Co. grew its position in Carlisle Companies by 33.2% during the second quarter. JPMorgan Chase & Co. now owns 1,437,703 shares of the conglomerate’s stock worth $536,842,000 after buying an additional 358,241 shares in the last quarter. Norges Bank acquired a new stake in Carlisle Companies during the second quarter worth approximately $128,856,000. Finally, Lazard Asset Management LLC increased its stake in Carlisle Companies by 464.2% during the 2nd quarter. Lazard Asset Management LLC now owns 180,889 shares of the conglomerate’s stock worth $67,543,000 after acquiring an additional 148,829 shares during the period. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CSL shares. Oppenheimer lifted their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Robert W. Baird set a $420.00 price target on Carlisle Companies in a research report on Wednesday, February 4th. Finally, William Blair began coverage on Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $395.83.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 1,800 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the transaction, the vice president owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. The trade was a 32.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the completion of the transaction, the chief executive officer directly owned 113,238 shares of the company’s stock, valued at $46,810,324.44. This trade represents a 24.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $354.90 on Friday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.09 and a quick ratio of 2.49. The company’s 50 day simple moving average is $370.23 and its 200 day simple moving average is $348.94.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.30. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $4.47 earnings per share. As a group, research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, February 17th. Carlisle Companies’s dividend payout ratio is currently 25.72%.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.