AIA Group Ltd Has $2.52 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

AIA Group Ltd grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 217.8% during the first quarter, Holdings Channel.com reports. The firm owned 6,417 shares of the conglomerate’s stock after acquiring an additional 4,398 shares during the period. AIA Group Ltd’s holdings in Carlisle Companies were worth $2,515,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Carlisle Companies during the fourth quarter worth $159,187,000. Pacer Advisors Inc. raised its position in shares of Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Madison Asset Management LLC raised its position in shares of Carlisle Companies by 2.9% during the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock worth $125,449,000 after acquiring an additional 11,464 shares during the last quarter. Truist Financial Corp increased its holdings in Carlisle Companies by 2.6% in the fourth quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock valued at $100,359,000 after purchasing an additional 8,195 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Carlisle Companies by 666.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock valued at $71,218,000 after purchasing an additional 198,191 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 2,037 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Stephen Aldrich sold 1,095 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David W. Smith sold 2,037 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The disclosure for this sale can be found here. Insiders sold 58,059 shares of company stock valued at $24,334,065 over the last three months. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Trading Up 1.0 %

Shares of Carlisle Companies stock traded up $4.40 during trading hours on Friday, hitting $430.45. The company’s stock had a trading volume of 311,642 shares, compared to its average volume of 314,226. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $437.92. The stock has a 50 day moving average of $414.66 and a 200 day moving average of $372.61. The company has a market capitalization of $20.49 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.98. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Analysts predict that Carlisle Companies Incorporated will post 19.93 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a dividend of $0.85 per share. The ex-dividend date was Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.79%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Analyst Ratings Changes

CSL has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group initiated coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price objective for the company. Oppenheimer upped their price objective on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Robert W. Baird upped their price objective on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $416.00.

About Carlisle Companies

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.