SVB Wealth LLC Acquires New Shares in Carlisle Companies Incorporated (NYSE:CSL)

SVB Wealth LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 655 shares of the conglomerate’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CSL. Pacer Advisors Inc. lifted its position in Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Morgan Stanley raised its position in Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after purchasing an additional 90,597 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Carlisle Companies by 4,974.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 85,000 shares of the conglomerate’s stock worth $22,037,000 after purchasing an additional 83,325 shares in the last quarter. Invesco Ltd. raised its position in Carlisle Companies by 36.9% in the third quarter. Invesco Ltd. now owns 269,752 shares of the conglomerate’s stock worth $69,936,000 after purchasing an additional 72,741 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Carlisle Companies by 63.0% in the third quarter. Envestnet Asset Management Inc. now owns 163,647 shares of the conglomerate’s stock worth $42,427,000 after purchasing an additional 63,260 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CSL. Robert W. Baird raised their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Loop Capital raised their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. StockNews.com raised shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Finally, Oppenheimer raised their price target on shares of Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus price target of $390.33.

Carlisle Companies Trading Up 2.5 %

Shares of NYSE CSL opened at $379.56 on Wednesday. The company’s fifty day moving average is $369.39 and its 200-day moving average is $318.34. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.31 and a beta of 0.93. Carlisle Companies Incorporated has a twelve month low of $205.10 and a twelve month high of $403.44. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, topping 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $3.92 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts predict that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. Carlisle Companies’s payout ratio is 22.31%.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $959,422.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Carlisle Companies news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $959,422.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $30,114,169.56. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock worth $5,231,360 over the last ninety days. Company 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.