Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by PFG Advisors

PFG Advisors increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,240 shares of the conglomerate’s stock after purchasing an additional 329 shares during the quarter. PFG Advisors’ holdings in Carlisle Companies were worth $3,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its stake in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares in the last quarter. Quarry LP raised its stake in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after acquiring an additional 57 shares in the last quarter. UMB Bank n.a. raised its stake in Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after acquiring an additional 67 shares in the last quarter. Covestor Ltd raised its stake in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after acquiring an additional 32 shares in the last quarter. Finally, Huntington National Bank raised its stake in Carlisle Companies by 57.0% during the 3rd quarter. Huntington National Bank now owns 212 shares of the conglomerate’s stock worth $95,000 after acquiring an additional 77 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Loop Capital dropped their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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 on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Insider Activity

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

Carlisle Companies Stock Down 0.3 %

Shares of NYSE:CSL opened at $329.68 on Thursday. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.03 and a beta of 0.99. The firm’s 50-day simple moving average is $363.79 and its 200-day simple moving average is $407.17. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $4.17 EPS. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

About Carlisle Companies

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.