Kestra Investment Management LLC Takes $383,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Kestra Investment Management LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,038 shares of the conglomerate’s stock, valued at approximately $383,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tributary Capital Management LLC lifted its holdings in shares of Carlisle Companies by 1.1% during the 3rd quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after buying an additional 24 shares during the period. Diversify Advisory Services LLC boosted its position in Carlisle Companies by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. grew its stake in shares of Carlisle Companies by 0.3% during the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after purchasing an additional 25 shares during the period. Metis Global Partners LLC increased its position in shares of Carlisle Companies by 5.2% during the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock valued at $273,000 after purchasing an additional 30 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Carlisle Companies by 19.3% in the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Trading Down 1.2 %

Shares of CSL stock opened at $350.89 on Thursday. The stock has a fifty day simple moving average of $379.07 and a two-hundred day simple moving average of $413.65. Carlisle Companies Incorporated has a 52-week low of $339.10 and a 52-week high of $481.26. The firm has a market capitalization of $15.91 billion, a PE ratio of 12.70, a PEG ratio of 1.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

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 33.14% and a net margin of 26.22%. During the same quarter in the previous year, the company earned $4.17 earnings per share. On average, analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

Analysts Set New Price Targets

Several analysts recently issued reports on CSL shares. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.