Advisory Services Network LLC Raises Position in Carlisle Companies Incorporated (NYSE:CSL)

Advisory Services Network LLC lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,064 shares of the conglomerate’s stock after purchasing an additional 451 shares during the period. Advisory Services Network LLC’s holdings in Carlisle Companies were worth $4,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Carlisle Companies during the 4th quarter valued at $159,187,000. Pacer Advisors Inc. grew its position in shares of Carlisle Companies by 5,351.1% during the fourth 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 in the last quarter. Madison Asset Management LLC grew its position in shares of Carlisle Companies by 2.9% during the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock worth $125,449,000 after purchasing an additional 11,464 shares in the last quarter. Truist Financial Corp raised its stake in Carlisle Companies by 2.6% during the 4th quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock valued at $100,359,000 after purchasing an additional 8,195 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Carlisle Companies by 666.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock worth $71,218,000 after purchasing an additional 198,191 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Stock Up 2.6 %

NYSE CSL traded up $11.28 on Friday, reaching $437.33. 77,934 shares of the stock traded hands, compared to its average volume of 312,469. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $437.92. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.39 and a beta of 0.90. The company has a fifty day moving average price of $414.02 and a 200-day moving average price of $371.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.61 and a current ratio of 2.95.

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

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, May 17th. Carlisle Companies’s payout ratio is 19.71%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total value of $435,262.50. Following the transaction, the chief accounting officer now directly owns 1,624 shares in the company, valued at approximately $645,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO D Christian Koch sold 54,927 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen Aldrich sold 1,095 shares of Carlisle Companies stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. Insiders sold 58,059 shares of company stock valued at $24,334,065 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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.