Navellier & Associates Inc. Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Navellier & Associates Inc. raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 11,832 shares of the conglomerate’s stock after buying an additional 438 shares during the period. Navellier & Associates Inc.’s holdings in Carlisle Companies were worth $4,364,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Carlisle Companies in the third quarter worth approximately $25,000. True Wealth Design LLC raised its holdings in 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 in the last quarter. Quarry LP raised its holdings in 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 in the last quarter. UMB Bank n.a. raised its holdings in Carlisle Companies by 55.4% during the fourth 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 raised its holdings in Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $334.48 on Friday. The firm’s fifty day simple moving average is $375.76 and its 200-day simple moving average is $412.86. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.05 and a beta of 0.96. Carlisle Companies Incorporated has a 12 month low of $332.34 and a 12 month high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating 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 previous year, the business posted $4.17 EPS. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.20%. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Analysts Set New Price Targets

A number of research firms have weighed in on CSL. Robert W. Baird cut their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group cut their price objective 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. Truist Financial began 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. Finally, Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $476.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies 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 transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

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.