Quent Capital LLC Acquires 199 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Quent Capital LLC raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 144.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 337 shares of the conglomerate’s stock after buying an additional 199 shares during the quarter. Quent Capital LLC’s holdings in Carlisle Companies were worth $124,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $32,000. True Wealth Design LLC lifted its stake in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares during the period. Quarry LP lifted its stake in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 67 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Carlisle Companies Stock Down 1.0 %

Shares of NYSE:CSL opened at $354.26 on Thursday. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.04 and a beta of 0.96. The stock has a fifty day simple moving average of $386.62 and a two-hundred day simple moving average of $415.61. Carlisle Companies Incorporated has a 12-month low of $338.52 and a 12-month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 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 period last year, the business posted $4.17 earnings per share. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders 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 1.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Insiders Place Their Bets

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies 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 sale, the director now directly owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,475 shares of company stock valued at $541,219. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. 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. Finally, Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Company Profile

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.