Alley Investment Management Company LLC Acquires 414 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Alley Investment Management Company LLC lifted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,263 shares of the conglomerate’s stock after purchasing an additional 414 shares during the quarter. Alley Investment Management Company LLC’s holdings in Carlisle Companies were worth $5,998,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bahl & Gaynor Inc. increased its position in shares of Carlisle Companies by 2.6% during the 4th quarter. Bahl & Gaynor Inc. now owns 179,823 shares of the conglomerate’s stock worth $66,326,000 after purchasing an additional 4,570 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Carlisle Companies by 1.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,400 shares of the conglomerate’s stock worth $2,729,000 after purchasing an additional 132 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Carlisle Companies by 118.3% during the 4th quarter. Jones Financial Companies Lllp now owns 753 shares of the conglomerate’s stock worth $278,000 after purchasing an additional 408 shares in the last quarter. Kinsale Capital Group Inc. acquired a new stake in shares of Carlisle Companies during the 4th quarter worth about $1,774,000. Finally, Bridges Investment Management Inc. increased its position in shares of Carlisle Companies by 18.3% during the 4th quarter. Bridges Investment Management Inc. now owns 2,105 shares of the conglomerate’s stock worth $776,000 after purchasing an additional 325 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Transactions at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CSL. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Loop Capital lowered their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Trading Down 2.4 %

CSL opened at $332.65 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $14.82 billion, a PE ratio of 12.04, a PEG ratio of 1.03 and a beta of 0.96. Carlisle Companies Incorporated has a 1-year low of $330.65 and a 1-year high of $481.26. The firm has a 50-day moving average price of $369.36 and a two-hundred day moving average price of $410.94.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter in the previous year, the business posted $4.17 earnings per share. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is 14.48%.

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.