Spire Wealth Management Purchases 133 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Spire Wealth Management lifted its position in Carlisle Companies Incorporated (NYSE:CSL) by 7.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,906 shares of the conglomerate’s stock after purchasing an additional 133 shares during the period. Spire Wealth Management’s holdings in Carlisle Companies were worth $703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CSL. Marshall Wace LLP bought a new position in shares of Carlisle Companies in the second quarter worth approximately $254,000. Sanctuary Advisors LLC purchased a new stake in Carlisle Companies in the second quarter worth $840,000. GAMMA Investing LLC lifted its stake in Carlisle Companies by 33.4% in the third quarter. GAMMA Investing LLC now owns 1,287 shares of the conglomerate’s stock worth $579,000 after acquiring an additional 322 shares during the period. Chesley Taft & Associates LLC lifted its stake in Carlisle Companies by 2.1% in the third quarter. Chesley Taft & Associates LLC now owns 4,701 shares of the conglomerate’s stock worth $2,114,000 after acquiring an additional 95 shares during the period. Finally, Strategic Wealth Partners Ltd. purchased a new stake in Carlisle Companies in the third quarter worth $428,000. Institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

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 value of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on CSL shares. Truist Financial started coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. 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 report on Friday, December 20th. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Loop Capital lowered their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Price Performance

CSL opened at $375.89 on Wednesday. The stock has a 50-day moving average price of $398.62 and a 200-day moving average price 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. The firm has a market cap of $17.04 billion, a PE ratio of 13.30, a P/E/G ratio of 1.15 and a beta of 0.96. Carlisle Companies Incorporated has a 1 year low of $313.56 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly 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 period last year, the firm posted $4.17 earnings per share. 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 will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 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.