Mawer Investment Management Ltd. Boosts Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Mawer Investment Management Ltd. raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 14.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,337 shares of the conglomerate’s stock after purchasing an additional 5,029 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Carlisle Companies were worth $14,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CSL. Cerity Partners LLC boosted its stake in shares of Carlisle Companies by 49.0% in the third quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock valued at $3,126,000 after buying an additional 2,285 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Carlisle Companies by 291.2% during the 3rd quarter. Private Trust Co. NA now owns 223 shares of the conglomerate’s stock worth $100,000 after purchasing an additional 166 shares in the last quarter. FMR LLC grew its stake in shares of Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after purchasing an additional 218,002 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at about $226,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Carlisle Companies by 21.1% in the third quarter. BNP Paribas Financial Markets now owns 22,042 shares of the conglomerate’s stock valued at $9,913,000 after purchasing an additional 3,845 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CSL. Oppenheimer restated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Loop Capital lowered their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Performance

Shares of CSL opened at $342.90 on Friday. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. The stock has a market cap of $15.14 billion, a P/E ratio of 12.41, a PEG ratio of 1.03 and a beta of 0.99. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $355.43 and a two-hundred day moving average of $401.52.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the company posted $4.17 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.17%. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insider Activity at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

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.