First Trust Direct Indexing L.P. Invests $232,000 in Carlisle Companies Incorporated (NYSE:CSL)

First Trust Direct Indexing L.P. bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, Holdings Channel.com reports. The firm bought 744 shares of the conglomerate’s stock, valued at approximately $232,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its stake 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 buying an additional 90,597 shares in the last quarter. FMR LLC increased its position in shares of Carlisle Companies by 1.5% during the third quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock valued at $215,096,000 after acquiring an additional 12,552 shares in the last quarter. Pacer Advisors Inc. lifted its position in Carlisle Companies by 5,351.1% in the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares in the last quarter. Platinum Investment Management Ltd. boosted its stake in Carlisle Companies by 13.8% during the 3rd quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate’s stock valued at $83,868,000 after purchasing an additional 39,227 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Carlisle Companies by 2.6% in the 4th quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock worth $100,359,000 after purchasing an additional 8,195 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE CSL opened at $405.28 on Wednesday. The stock has a market capitalization of $19.40 billion, a PE ratio of 23.49, a P/E/G ratio of 1.36 and a beta of 0.90. Carlisle Companies Incorporated has a 1-year low of $205.10 and a 1-year high of $415.00. The business has a 50 day simple moving average of $378.51 and a two-hundred day simple moving average of $327.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, research analysts predict that Carlisle Companies Incorporated will post 19.51 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP David W. Smith sold 700 shares of the firm’s 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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Snyder sold 8,101 shares of the company’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 completion of 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. In the last ninety days, insiders have sold 18,387 shares of company stock worth $6,492,789. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Robert W. Baird lifted their price objective on Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target for the company. Finally, Loop Capital boosted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and an average price target of $416.00.

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.