Merit Financial Group LLC Acquires 371 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Merit Financial Group LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,717 shares of the conglomerate’s stock after acquiring an additional 371 shares during the period. Merit Financial Group LLC’s holdings in Carlisle Companies were worth $633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC lifted its stake in shares of Carlisle Companies by 11.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 50,640 shares of the conglomerate’s stock valued at $18,678,000 after purchasing an additional 5,111 shares during the last quarter. Boston Common Asset Management LLC purchased a new stake in Carlisle Companies during the 4th quarter valued at $3,229,000. Ritholtz Wealth Management lifted its position in Carlisle Companies by 12.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,303 shares of the conglomerate’s stock worth $481,000 after buying an additional 149 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Carlisle Companies by 371.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 363 shares of the conglomerate’s stock worth $134,000 after buying an additional 286 shares during the period. Finally, Park Avenue Securities LLC bought a new position in Carlisle Companies during the fourth quarter valued at $255,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CSL shares. Robert W. Baird lowered their target price 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. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Finally, Loop Capital cut their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value 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. This represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $402.46 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company has a market capitalization of $18.24 billion, a PE ratio of 14.24, a P/E/G ratio of 1.18 and a beta of 0.96. The company has a 50 day moving average price of $408.45 and a 200-day moving average price of $420.43. Carlisle Companies Incorporated has a fifty-two week low of $302.08 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its 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 net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $4.68 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

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.