Cary Street Partners Financial LLC Acquires 5,213 Shares of Carlisle Companies Incorporated $CSL

Cary Street Partners Financial LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 90.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,975 shares of the conglomerate’s stock after purchasing an additional 5,213 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Carlisle Companies were worth $3,610,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Carlisle Companies by 36.9% during the first quarter. Goldman Sachs Group Inc. now owns 105,468 shares of the conglomerate’s stock worth $35,912,000 after acquiring an additional 28,414 shares during the period. Envestnet Asset Management Inc. increased its holdings in Carlisle Companies by 9.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 218,825 shares of the conglomerate’s stock worth $81,709,000 after purchasing an additional 18,002 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Carlisle Companies by 20.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,400 shares of the conglomerate’s stock valued at $5,004,000 after purchasing an additional 2,300 shares during the period. Daymark Wealth Partners LLC lifted its holdings in shares of Carlisle Companies by 12.5% in the second quarter. Daymark Wealth Partners LLC now owns 2,904 shares of the conglomerate’s stock valued at $1,084,000 after purchasing an additional 323 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Carlisle Companies by 326.2% in the second quarter. Hantz Financial Services Inc. now owns 277 shares of the conglomerate’s stock valued at $103,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the completion of the sale, the vice president directly owned 3,697 shares in the company, valued at $1,530,742.85. This trade represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $9,866,407.20. Following the sale, the chief financial officer owned 30,094 shares of the company’s stock, valued at approximately $12,279,555.76. This represents a 44.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 68,289 shares of company stock valued at $28,125,467 in the last 90 days. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Performance

CSL opened at $395.64 on Friday. Carlisle Companies Incorporated has a 12-month low of $293.43 and a 12-month high of $435.92. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.26 and a beta of 0.94. The business has a 50 day moving average of $363.98 and a 200-day moving average of $349.26. 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 posted its earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 earnings per share for the quarter, topping analysts’ consensus estimates of $3.60 by $0.30. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm earned $4.47 EPS. The firm’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Carlisle Companies’s payout ratio is presently 25.72%.

Analyst Upgrades and Downgrades

CSL has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Robert W. Baird set a $420.00 price objective on shares of Carlisle Companies in a report on Wednesday, February 4th. William Blair assumed coverage on shares of Carlisle Companies in a report on Friday, January 30th. They set a “market perform” rating for the company. Finally, Truist Financial decreased their target price on shares of Carlisle Companies from $350.00 to $340.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Carlisle Companies presently has a consensus rating of “Hold” and an average price target of $392.50.

Carlisle Companies 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.