Captrust Financial Advisors Buys 165,949 Shares of Carlisle Companies Incorporated $CSL

Captrust Financial Advisors grew its stake in Carlisle Companies Incorporated (NYSE:CSL) by 126.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,937 shares of the conglomerate’s stock after buying an additional 165,949 shares during the period. Captrust Financial Advisors owned approximately 0.71% of Carlisle Companies worth $97,680,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new stake in Carlisle Companies in the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in Carlisle Companies during the second quarter worth approximately $25,000. Traub Capital Management LLC acquired a new position in Carlisle Companies during the second quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC grew its holdings in Carlisle Companies by 69.6% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 78 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 32 shares during the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in shares of Carlisle Companies in the second quarter valued at approximately $36,000. Institutional investors own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CSL. Oppenheimer boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Robert W. Baird set a $420.00 target price on shares of Carlisle Companies in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 29th. Finally, William Blair initiated coverage on Carlisle Companies in a research report on Friday, January 30th. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $399.17.

Carlisle Companies Stock Up 3.1%

Shares of CSL stock opened at $344.95 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $293.43 and a 12 month high of $435.92. The firm has a market cap of $14.10 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. The stock has a 50 day moving average of $372.93 and a 200-day moving average of $346.55. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.60 by $0.30. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Carlisle Companies had a net margin of 14.76% and a return on equity of 41.58%. Carlisle Companies’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company posted $4.47 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $4.40 dividend on an annualized basis and a yield of 1.3%. Carlisle Companies’s dividend payout ratio (DPR) is 25.72%.

Insider Transactions at Carlisle Companies

In other news, CFO Kevin P. Zdimal sold 24,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $408.04, for a total transaction of $9,866,407.20. Following the sale, the chief financial officer directly owned 30,094 shares in the company, valued at approximately $12,279,555.76. The trade was a 44.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $413.38, for a total value of $14,989,158.80. Following the completion of the transaction, the chief executive officer owned 113,238 shares of the company’s stock, valued at $46,810,324.44. The trade was a 24.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 68,289 shares of company stock valued at $28,125,467. 1.40% of the stock is currently owned by insiders.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.