Caprock Group LLC Acquires 131 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Caprock Group LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 921 shares of the conglomerate’s stock after buying an additional 131 shares during the quarter. Caprock Group LLC’s holdings in Carlisle Companies were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies in the third quarter worth about $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies in the third quarter valued at approximately $32,000. True Wealth Design LLC lifted its holdings in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after buying an additional 70 shares in the last quarter. UMB Bank n.a. boosted its position in Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the topic of several research reports. Robert W. Baird cut their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Loop Capital cut their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group lowered their price target 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. Truist Financial began coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Carlisle Companies Price Performance

Shares of CSL stock opened at $342.29 on Thursday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 12-month low of $313.56 and a 12-month high of $481.26. The firm has a fifty day moving average of $396.31 and a 200-day moving average of $417.97. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same period in the prior year, the company earned $4.17 earnings per share. On average, equities research analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

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.