Douglas Lane & Associates LLC Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Douglas Lane & Associates LLC acquired a new stake in Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,134 shares of the conglomerate’s stock, valued at approximately $787,000.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Carlisle Companies in the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies in the third quarter valued at approximately $32,000. True Wealth Design LLC raised its holdings in 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 purchasing an additional 70 shares during the period. UMB Bank n.a. boosted its position in shares of Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP grew its holdings 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 buying an additional 57 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CSL has been the topic of several recent analyst reports. Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price on the stock. Robert W. Baird decreased their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Oppenheimer reissued 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and an average price target of $470.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Up 1.9 %

CSL stock opened at $372.75 on Thursday. 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 $16.90 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.41 and a beta of 0.96. Carlisle Companies Incorporated has a fifty-two week low of $297.25 and a fifty-two week high of $481.26. The business has a 50-day moving average of $418.95 and a 200-day moving average of $421.87.

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

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

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.