Meadow Creek Investment Management LLC boosted its stake in shares of Carlisle Companies (NYSE:CSL) by 413.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,872 shares of the conglomerate’s stock after buying an additional 20,834 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Carlisle Companies were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Carlisle Companies by 32.3% in the third quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock valued at $252,888,000 after purchasing an additional 615,655 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Carlisle Companies by 16.4% in the third quarter. Schroder Investment Management Group now owns 1,487,103 shares of the conglomerate’s stock valued at $149,484,000 after purchasing an additional 209,448 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Carlisle Companies by 6.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,236,016 shares of the conglomerate’s stock valued at $140,473,000 after purchasing an additional 73,621 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Carlisle Companies by 4.1% in the third quarter. Ameriprise Financial Inc. now owns 987,560 shares of the conglomerate’s stock valued at $99,042,000 after purchasing an additional 38,451 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its position in shares of Carlisle Companies by 133.6% in the third quarter. Fiduciary Management Inc. WI now owns 894,087 shares of the conglomerate’s stock valued at $89,668,000 after purchasing an additional 511,269 shares during the last quarter. Institutional investors own 88.02% of the company’s stock.
Carlisle Companies (NYSE CSL) opened at $105.41 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.50. The stock has a market cap of $6,513.18, a P/E ratio of 20.08, a P/E/G ratio of 1.09 and a beta of 0.86. Carlisle Companies has a one year low of $92.09 and a one year high of $119.21.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Tuesday, February 20th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Friday, February 16th. Carlisle Companies’s payout ratio is 25.92%.
Carlisle Companies declared that its board has authorized a share buyback program on Tuesday, February 6th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the conglomerate to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
CSL has been the topic of several research reports. SunTrust Banks reiterated a “buy” rating and issued a $130.00 price target on shares of Carlisle Companies in a research report on Friday, February 9th. B. Riley set a $125.00 price objective on shares of Carlisle Companies and gave the company a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Carlisle Companies from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Robert W. Baird reduced their price objective on shares of Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Carlisle Companies currently has an average rating of “Buy” and a consensus target price of $124.63.
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Carlisle Companies Profile
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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