Cornerstone Wealth Group LLC Acquires Shares of 538 Carlisle Companies Incorporated (NYSE:CSL)

Cornerstone Wealth Group LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 538 shares of the conglomerate’s stock, valued at approximately $211,000.

A number of other institutional investors also recently modified their holdings of CSL. Norges Bank bought a new position in shares of Carlisle Companies in the fourth quarter valued at approximately $159,187,000. Pacer Advisors Inc. raised its position in Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after purchasing an additional 413,691 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Carlisle Companies by 666.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after buying an additional 198,191 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Carlisle Companies by 1,074.0% during the 4th quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after buying an additional 139,054 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after buying an additional 90,597 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 1.5 %

CSL stock traded down $6.02 during trading hours on Friday, reaching $405.21. 1,032,018 shares of the stock were exchanged, compared to its average volume of 421,245. The firm’s 50-day moving average is $409.74 and its 200-day moving average is $365.95. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $430.21.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $993.06 million. Carlisle Companies had a return on equity of 30.41% and a net margin of 17.13%. On average, equities research analysts expect that Carlisle Companies Incorporated will post 19.93 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies’s dividend payout ratio (DPR) is presently 19.71%.

Analysts Set New Price Targets

CSL has been the topic of several research reports. Loop Capital upped their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Oppenheimer upped their price objective on Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. Finally, Robert W. Baird increased their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $416.00.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP David W. Smith sold 2,037 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO D Christian Koch sold 54,927 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the sale, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,059 shares of company stock worth $24,334,065. Corporate insiders own 1.50% of the company’s stock.

About Carlisle Companies

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.