Trust Point Inc. Has $920,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Trust Point Inc. grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 147.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,493 shares of the conglomerate’s stock after purchasing an additional 1,484 shares during the period. Trust Point Inc.’s holdings in Carlisle Companies were worth $920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CSL. One Wealth Advisors LLC raised its stake in Carlisle Companies by 59.3% during the 4th quarter. One Wealth Advisors LLC now owns 884 shares of the conglomerate’s stock worth $326,000 after buying an additional 329 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies during the fourth quarter worth about $2,584,000. Spire Wealth Management lifted its holdings in shares of Carlisle Companies by 7.5% during the 4th quarter. Spire Wealth Management now owns 1,906 shares of the conglomerate’s stock valued at $703,000 after purchasing an additional 133 shares in the last quarter. Sylvest Advisors LLC bought a new position in shares of Carlisle Companies during the 4th quarter valued at about $721,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Carlisle Companies by 0.7% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 98,733 shares of the conglomerate’s stock valued at $36,417,000 after purchasing an additional 699 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 1.4 %

Carlisle Companies stock opened at $375.89 on Wednesday. The company has a market cap of $17.04 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.15 and a beta of 0.96. The firm has a 50-day moving average of $398.62 and a 200-day moving average of $418.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a one year low of $313.56 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last released its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same quarter last year, the firm earned $4.17 EPS. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies’s payout ratio is 14.15%.

Insiders Place Their Bets

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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 research report on Friday, January 10th. Robert W. Baird lowered their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group cut their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Two 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, Carlisle Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

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.