Los Angeles Capital Management LLC Has $8.74 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Los Angeles Capital Management LLC cut its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,693 shares of the conglomerate’s stock after selling 234 shares during the period. Los Angeles Capital Management LLC owned 0.05% of Carlisle Companies worth $8,739,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Carlisle Companies during the 3rd quarter worth approximately $25,000. True Wealth Design LLC raised its position in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the period. Quarry LP raised its position 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 purchasing an additional 57 shares during the period. UMB Bank n.a. lifted its holdings in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after purchasing an additional 67 shares in the last quarter. Finally, Covestor Ltd grew its position in Carlisle Companies by 19.3% in the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 32 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $338.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The firm has a 50-day moving average of $371.86 and a 200-day moving average of $412.09. Carlisle Companies Incorporated has a one year low of $332.04 and a one year high of $481.26. The company has a market cap of $15.09 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the prior year, the business posted $4.17 earnings per share. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared 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 1.18%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.48%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research firms have weighed in on CSL. Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. 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 note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.