Genesis Private Wealth LLC Invests $354,000 in Carlisle Companies Incorporated (NYSE:CSL)

Genesis Private Wealth LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 961 shares of the conglomerate’s stock, valued at approximately $354,000.

Several other institutional investors also recently bought and sold shares of CSL. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies during the 3rd quarter valued at $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the third quarter valued at about $32,000. True Wealth Design LLC boosted 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 acquiring an additional 70 shares in the last quarter. UMB Bank n.a. grew its stake 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 acquiring an additional 92 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after acquiring an additional 57 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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 sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CSL. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Loop Capital lowered 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 note on Friday, January 10th. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Robert W. Baird cut their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group reduced their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $408.62 on Wednesday. Carlisle Companies Incorporated has a 52-week low of $302.08 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 stock has a market cap of $18.52 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.96. The business has a 50-day simple moving average of $409.49 and a 200-day simple moving average of $420.56.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.68 EPS. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s payout ratio is currently 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.