Cerity Partners LLC Takes $899,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Cerity Partners LLC acquired a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,877 shares of the conglomerate’s stock, valued at approximately $899,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tobam bought a new position in Carlisle Companies in the fourth quarter valued at about $59,000. International Assets Investment Management LLC bought a new position in shares of Carlisle Companies in the 4th quarter worth approximately $47,830,000. Arlington Trust Co LLC purchased a new position in shares of Carlisle Companies in the fourth quarter worth approximately $122,000. DekaBank Deutsche Girozentrale grew its position in Carlisle Companies by 2.2% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 35,234 shares of the conglomerate’s stock valued at $10,995,000 after buying an additional 751 shares during the period. Finally, Allworth Financial LP increased its holdings in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 0.9 %

Shares of CSL opened at $370.62 on Tuesday. The business’s 50 day moving average is $368.69 and its 200 day moving average is $317.51. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $403.44. The company has a market capitalization of $17.72 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.70. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $3.92 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts expect that Carlisle Companies Incorporated will post 18.72 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSL shares. Robert W. Baird boosted their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Oppenheimer upped their price target on Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.33.

Insider Activity

In related news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were 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 directly owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders sold a total of 15,255 shares of company stock worth $5,231,360 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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.