TIAA Trust National Association Grows Stake in Carlisle Companies Incorporated (NYSE:CSL)

TIAA Trust National Association increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 9.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 581 shares of the conglomerate’s stock after buying an additional 49 shares during the period. TIAA Trust National Association’s holdings in Carlisle Companies were worth $214,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CSL. EFG Asset Management North America Corp. boosted its position in shares of Carlisle Companies by 14.8% during the 4th quarter. EFG Asset Management North America Corp. now owns 8,179 shares of the conglomerate’s stock valued at $3,016,000 after acquiring an additional 1,054 shares during the last quarter. LPL Financial LLC lifted its position in Carlisle Companies by 5.1% during the fourth quarter. LPL Financial LLC now owns 47,391 shares of the conglomerate’s stock valued at $17,480,000 after purchasing an additional 2,305 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Carlisle Companies in the 4th quarter worth approximately $11,471,000. Sei Investments Co. increased its holdings in shares of Carlisle Companies by 0.9% in the 4th quarter. Sei Investments Co. now owns 84,395 shares of the conglomerate’s stock worth $31,131,000 after buying an additional 715 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $507,000. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.9 %

Shares of NYSE:CSL opened at $342.90 on Friday. The stock has a market capitalization of $15.14 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The stock’s 50-day moving average price is $355.43 and its 200-day moving average price is $401.49. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results 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 last year, the business posted $4.17 EPS. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 815 shares of the company’s stock, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CSL has been the subject of several research reports. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital cut their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. 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, the company currently has an average rating of “Moderate Buy” and an average 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.