Lifestyle Asset Management Inc. Boosts Position in Carlisle Companies Incorporated (NYSE:CSL)

Lifestyle Asset Management Inc. boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,355 shares of the conglomerate’s stock after acquiring an additional 105 shares during the period. Lifestyle Asset Management Inc.’s holdings in Carlisle Companies were worth $869,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the 3rd quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the third quarter worth about $32,000. True Wealth Design LLC boosted its position in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 70 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Carlisle Companies by 317.2% during the 3rd 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 period. Finally, Quarry LP lifted its stake in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Carlisle Companies Price Performance

CSL opened at $405.68 on Friday. The stock has a 50-day moving average price of $407.55 and a 200-day moving average price of $420.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The firm has a market cap of $18.39 billion, a PE ratio of 14.36, a P/E/G ratio of 1.21 and a beta of 0.96. Carlisle Companies Incorporated has a 1 year low of $302.08 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (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%. Carlisle Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.68 EPS. Sell-side analysts predict that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Analyst Ratings Changes

CSL has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. 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 target for the company. 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. Loop Capital decreased their target price 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. Finally, Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target 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.