Callan Family Office LLC Makes New $333,000 Investment in Carlisle Companies Incorporated (NYSE:CSL)

Callan Family Office LLC purchased a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 904 shares of the conglomerate’s stock, valued at approximately $333,000.

A number of other large investors also recently bought and sold shares of CSL. Capital Performance Advisors LLP purchased a new position in Carlisle Companies during the third quarter worth approximately $25,000. Verdence Capital Advisors LLC purchased a new position in Carlisle Companies during the third quarter worth approximately $319,000. Atria Investments Inc raised its stake in Carlisle Companies by 12.6% during the third quarter. Atria Investments Inc now owns 2,113 shares of the conglomerate’s stock worth $950,000 after purchasing an additional 237 shares during the period. Covestor Ltd raised its stake in Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new position in Carlisle Companies during the third quarter worth approximately $255,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

CSL opened at $336.26 on Tuesday. The company has a fifty day simple moving average of $365.32 and a 200 day simple moving average of $408.35. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a twelve month low of $321.93 and a twelve month high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the business posted $4.17 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insiders Place Their Bets

In other news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CSL has been the subject of several recent research reports. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Oppenheimer reissued an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Finally, The Goldman Sachs Group dropped 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 report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $476.00.

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.