3,000 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Sycomore Asset Management

Sycomore Asset Management bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,000 shares of the conglomerate’s stock, valued at approximately $1,107,000.

A number of other large investors have also recently modified their holdings of CSL. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies during the third quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the third quarter valued at approximately $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. increased its position in Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. Finally, Quarry LP boosted its holdings in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CSL. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird reduced their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Loop Capital lowered their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Stock Up 0.4 %

Shares of CSL stock opened at $350.70 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. Carlisle Companies Incorporated has a one year low of $337.01 and a one year high of $481.26. The company’s fifty day moving average price is $392.01 and its 200-day moving average price is $416.91. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating 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 prior year, the firm posted $4.17 EPS. Sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.14%. Carlisle Companies’s dividend payout ratio is currently 14.48%.

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.