AIA Group Ltd Boosts Position in Carlisle Companies Incorporated (NYSE:CSL)

AIA Group Ltd increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,019 shares of the conglomerate’s stock after acquiring an additional 74 shares during the quarter. AIA Group Ltd’s holdings in Carlisle Companies were worth $631,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group lifted its stake in Carlisle Companies by 33.2% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 4,892 shares of the conglomerate’s stock worth $1,529,000 after purchasing an additional 1,219 shares during the last quarter. Ninety One North America Inc. lifted its stake in Carlisle Companies by 50.0% in the fourth quarter. Ninety One North America Inc. now owns 21,494 shares of the conglomerate’s stock valued at $6,715,000 after buying an additional 7,162 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Carlisle Companies by 17.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,630 shares of the conglomerate’s stock valued at $2,696,000 after buying an additional 1,280 shares during the last quarter. SVB Wealth LLC purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $205,000. Finally, Lecap Asset Management Ltd. purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $1,141,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $367.42 on Friday. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The business has a 50 day simple moving average of $368.29 and a 200-day simple moving average of $315.84. The stock has a market capitalization of $17.56 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping the consensus estimate of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business earned $3.92 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that Carlisle Companies Incorporated will post 18.72 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is presently 22.31%.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of research reports. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Loop Capital boosted their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Oppenheimer boosted their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research note on Thursday. Robert W. Baird boosted their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group began coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $390.33.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP David W. Smith sold 700 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock valued at $5,231,360 over the last quarter. Company 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.