KBC Group NV Increases Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

KBC Group NV increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 26.9% in the 4th quarter, Holdings Channel reports. The firm owned 13,507 shares of the conglomerate’s stock after buying an additional 2,861 shares during the period. KBC Group NV’s holdings in Carlisle Companies were worth $4,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in Carlisle Companies by 26.0% during the 4th quarter. Blue Trust Inc. now owns 910 shares of the conglomerate’s stock valued at $336,000 after buying an additional 188 shares during the last quarter. OLIO Financial Planning purchased a new stake in Carlisle Companies during the fourth quarter valued at $441,000. First Citizens Bank & Trust Co. lifted its holdings in Carlisle Companies by 16.4% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,288 shares of the conglomerate’s stock valued at $475,000 after acquiring an additional 181 shares during the period. Running Oak Capital LLC boosted its position in Carlisle Companies by 5.6% in the fourth quarter. Running Oak Capital LLC now owns 33,676 shares of the conglomerate’s stock worth $12,421,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Tributary Capital Management LLC grew its stake in shares of Carlisle Companies by 46.7% during the 4th quarter. Tributary Capital Management LLC now owns 3,337 shares of the conglomerate’s stock valued at $1,231,000 after purchasing an additional 1,062 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 1.3 %

CSL opened at $394.62 on Friday. Carlisle Companies Incorporated has a fifty-two week low of $313.14 and a fifty-two week high of $481.26. 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 stock has a market cap of $17.89 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The firm’s fifty day moving average is $403.30 and its 200 day moving average is $419.57.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CSL shares. The Goldman Sachs Group dropped their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Robert W. Baird decreased their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Activity at Carlisle Companies

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

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.