First Eagle Investment Management LLC Acquires 109,410 Shares of Carlisle Companies Incorporated $CSL

First Eagle Investment Management LLC raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 20.4% in the 4th quarter, HoldingsChannel reports. The firm owned 646,162 shares of the conglomerate’s stock after purchasing an additional 109,410 shares during the quarter. First Eagle Investment Management LLC’s holdings in Carlisle Companies were worth $206,681,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Illinois Municipal Retirement Fund raised its position in Carlisle Companies by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,621 shares of the conglomerate’s stock valued at $1,849,000 after purchasing an additional 33 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Carlisle Companies by 43.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 113 shares of the conglomerate’s stock valued at $37,000 after purchasing an additional 34 shares during the last quarter. Mackenzie Financial Corp raised its position in Carlisle Companies by 1.0% in the 3rd quarter. Mackenzie Financial Corp now owns 3,525 shares of the conglomerate’s stock valued at $1,160,000 after purchasing an additional 34 shares during the last quarter. Nicolet Advisory Services LLC raised its position in Carlisle Companies by 3.5% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,037 shares of the conglomerate’s stock valued at $337,000 after purchasing an additional 35 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of Carlisle Companies by 5.4% during the third quarter. Citizens Financial Group Inc. RI now owns 720 shares of the conglomerate’s stock worth $237,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.0%

NYSE:CSL opened at $356.94 on Tuesday. Carlisle Companies Incorporated has a 1 year low of $293.43 and a 1 year high of $435.92. The company has a current ratio of 3.38, a quick ratio of 2.58 and a debt-to-equity ratio of 1.74. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.14 and a beta of 0.88. The stock has a 50-day moving average price of $351.20 and a two-hundred day moving average price of $347.01.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.32. Carlisle Companies had a return on equity of 43.78% and a net margin of 14.57%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $3.61 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Carlisle Companies Incorporated will post 21.13 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, May 18th. Carlisle Companies’s dividend payout ratio is presently 25.87%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CSL. Zacks Research upgraded Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Oppenheimer boosted their target price on Carlisle Companies from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Raymond James Financial began coverage on Carlisle Companies in a research report on Monday, April 27th. They set an “outperform” rating and a $425.00 target price for the company. Finally, Robert W. Baird boosted their target price on Carlisle Companies from $402.00 to $425.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $405.00.

Insider Transactions at Carlisle Companies

In related news, insider Stephen Schwar sold 6,049 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the sale, the insider owned 8,540 shares in the company, valued at approximately $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.