Cornerstone Wealth Management LLC Has $664,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Cornerstone Wealth Management LLC grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the conglomerate’s stock after acquiring an additional 55 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Carlisle Companies were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Lifestyle Asset Management Inc. boosted its position in Carlisle Companies by 4.7% in the fourth quarter. Lifestyle Asset Management Inc. now owns 2,355 shares of the conglomerate’s stock valued at $869,000 after buying an additional 105 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of Carlisle Companies by 12.2% in the fourth quarter. Mutual Advisors LLC now owns 854 shares of the conglomerate’s stock valued at $338,000 after buying an additional 93 shares during the period. Traynor Capital Management Inc. raised its holdings in Carlisle Companies by 7.2% in the 4th quarter. Traynor Capital Management Inc. now owns 5,639 shares of the conglomerate’s stock valued at $2,080,000 after buying an additional 377 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Carlisle Companies during the 4th quarter worth approximately $2,189,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Carlisle Companies during the 4th quarter worth approximately $149,000. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 0.6 %

Shares of NYSE:CSL opened at $403.03 on Friday. Carlisle Companies Incorporated has a 1 year low of $302.44 and a 1 year high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The business’s 50-day moving average is $406.70 and its 200-day moving average is $420.38. The company has a market capitalization of $18.27 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.19 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $4.68 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSL. Oppenheimer reiterated an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital cut their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird cut their price objective 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. Finally, Truist Financial initiated 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Carlisle Companies 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.