Cordatus Wealth Management LLC Has $1.25 Million Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Cordatus Wealth Management LLC raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 242.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,384 shares of the conglomerate’s stock after purchasing an additional 2,396 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Carlisle Companies were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Financial Mangement LLC boosted its holdings in Carlisle Companies by 3.0% during the fourth quarter. Boston Financial Mangement LLC now owns 89,962 shares of the conglomerate’s stock valued at $33,182,000 after purchasing an additional 2,627 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in Carlisle Companies by 8.8% during the fourth quarter. Handelsbanken Fonder AB now owns 141,709 shares of the conglomerate’s stock valued at $52,268,000 after purchasing an additional 11,500 shares in the last quarter. Cumberland Partners Ltd acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $553,000. BKM Wealth Management LLC acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $334,000. Finally, Kestra Investment Management LLC acquired a new stake in Carlisle Companies during the fourth quarter valued at approximately $383,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CSL. Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price on the stock. Oppenheimer reissued an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insiders Place Their Bets

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 2.0 %

Shares of CSL opened at $343.49 on Friday. The business’s 50 day simple moving average is $377.47 and its 200-day simple moving average is $413.16. Carlisle Companies Incorporated has a one year low of $340.61 and a one 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 company has a market capitalization of $15.31 billion, a P/E ratio of 12.43, a PEG ratio of 1.06 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data 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 33.14% and a net margin of 26.22%. During the same quarter in the prior year, the business posted $4.17 EPS. As a group, sell-side analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is 14.48%.

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.