Deroy & Devereaux Private Investment Counsel Inc. Acquires 699 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,733 shares of the conglomerate’s stock after acquiring an additional 699 shares during the period. Carlisle Companies comprises 2.1% of Deroy & Devereaux Private Investment Counsel Inc.’s portfolio, making the stock its 10th largest holding. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.22% of Carlisle Companies worth $36,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after buying an additional 16,303 shares in the last quarter. FMR LLC boosted its stake in shares of Carlisle Companies by 29.6% during the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after acquiring an additional 218,002 shares during the last quarter. Geode Capital Management LLC increased its position in Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Carlisle Companies by 14.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after purchasing an additional 41,766 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its stake in shares of Carlisle Companies by 5.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 202,761 shares of the conglomerate’s stock worth $91,192,000 after purchasing an additional 11,023 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSL shares. Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report 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 for the company. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction 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 sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL opened at $389.39 on Friday. Carlisle Companies Incorporated has a 52-week low of $313.14 and a 52-week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.15 and a beta of 0.96. The business’s 50 day moving average is $402.09 and its two-hundred day moving average is $419.13.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.03%. Carlisle Companies’s payout ratio is 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.