By otakuyassine3@gmail.com 
Advisory Resource Group raised its stake in Carlisle Companies Incorporated (NYSE:CSL – Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,404 shares of the conglomerate’s stock after acquiring an additional 1,814 shares during the quarter. Advisory Resource Group’s holdings in Carlisle Companies were worth $4,575,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies in the third quarter worth about $25,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies in the third quarter worth about $32,000. True Wealth Design LLC lifted its holdings in shares of Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares during the period. Finally, Quarry LP increased its stake in shares of Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the period. Institutional investors own 89.52% of the company’s stock.
Carlisle Companies Price Performance
Carlisle Companies stock opened at $350.70 on Friday. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.04 and a beta of 0.96. Carlisle Companies Incorporated has a 52-week low of $337.01 and a 52-week high of $481.26. The stock’s 50 day moving average price is $392.01 and its two-hundred day moving average price is $416.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.
Carlisle Companies (NYSE:CSL – Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same quarter in the previous year, the business posted $4.17 EPS. On average, equities analysts predict 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 will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.
Insider Buying and Selling
In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction on Friday, February 7th. The stock was 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 owns 2,665 shares in the company, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
Analysts Set New Price Targets
CSL has been the subject of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Finally, Loop Capital decreased their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.
Check Out Our Latest Report on CSL
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.
See Also
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