GAMMA Investing LLC Raises Position in Carlisle Companies Incorporated (NYSE:CSL)

GAMMA Investing LLC grew its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,325 shares of the conglomerate’s stock after buying an additional 38 shares during the quarter. GAMMA Investing LLC’s holdings in Carlisle Companies were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the third quarter valued at $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. increased its holdings in Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after buying an additional 92 shares in the last quarter. Finally, Quarry LP raised its position in Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after buying an additional 57 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

CSL opened at $371.13 on Monday. The company’s 50 day moving average is $422.03 and its 200 day moving average is $422.93. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The company has a market cap of $16.82 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.41 and a beta of 0.92. Carlisle Companies Incorporated has a 12-month low of $297.25 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.68 EPS. On average, equities research analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on CSL. Robert W. Baird dropped their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Finally, Oppenheimer reiterated an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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 stock has a consensus rating of “Moderate Buy” and an average target price of $470.00.

Insider Transactions at Carlisle Companies

In related 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 transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies 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.