NewEdge Wealth LLC Has $439,000 Holdings in Carlisle Companies Incorporated (NYSE:CSL)

NewEdge Wealth LLC reduced its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,406 shares of the conglomerate’s stock after selling 52 shares during the quarter. NewEdge Wealth LLC’s holdings in Carlisle Companies were worth $439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Birch Hill Investment Advisors LLC increased its position in shares of Carlisle Companies by 50.5% during the fourth quarter. Birch Hill Investment Advisors LLC now owns 14,374 shares of the conglomerate’s stock worth $4,491,000 after buying an additional 4,820 shares during the period. Banco Santander S.A. bought a new position in shares of Carlisle Companies in the 3rd quarter worth about $341,000. Exchange Traded Concepts LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at about $1,093,000. Pacer Advisors Inc. boosted its position in shares of Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after purchasing an additional 413,691 shares in the last quarter. Finally, Pathstone Family Office LLC grew its stake in Carlisle Companies by 63.6% during the third quarter. Pathstone Family Office LLC now owns 3,152 shares of the conglomerate’s stock worth $817,000 after purchasing an additional 1,225 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CSL. Loop Capital boosted their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Oppenheimer raised their price target on shares of Carlisle Companies from $355.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Finally, Robert W. Baird increased their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $389.17.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $368.76 on Thursday. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $367.36 and a two-hundred day simple moving average of $314.67. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44. The firm has a market capitalization of $17.63 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $3.92 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 18.7 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio is currently 22.31%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP David W. Smith sold 700 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the transaction, the insider now owns 5,212 shares in the company, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock valued at $5,231,360 over the last ninety days. 1.50% of the stock is currently owned by 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.