Harbor Capital Advisors Inc. Purchases 43 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Harbor Capital Advisors Inc. increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,141 shares of the conglomerate’s stock after purchasing an additional 43 shares during the period. Harbor Capital Advisors Inc.’s holdings in Carlisle Companies were worth $1,527,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Driehaus Capital Management LLC lifted its stake in Carlisle Companies by 44.6% during the second quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate’s stock worth $22,971,000 after purchasing an additional 17,472 shares during the period. KBC Group NV lifted its position in shares of Carlisle Companies by 34.9% during the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock worth $4,788,000 after buying an additional 2,752 shares during the period. Geode Capital Management LLC boosted its stake in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after buying an additional 102,436 shares in the last quarter. Quest Partners LLC grew its position in Carlisle Companies by 624.8% in the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after acquiring an additional 4,005 shares during the period. Finally, Pensionfund Sabic acquired a new position in Carlisle Companies during the fourth quarter worth $1,291,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Price Performance

CSL opened at $369.44 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market capitalization of $16.75 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.41 and a beta of 0.96. The company’s 50 day simple moving average is $416.90 and its 200-day simple moving average is $421.23. Carlisle Companies Incorporated has a one year low of $297.25 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $4.68 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies’s dividend payout ratio is 14.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Robert W. Baird dropped their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer reissued an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $474.00.

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.