Kestra Investment Management LLC Purchases New Position in Carlisle Companies Incorporated (NYSE:CSL)

Kestra Investment Management LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,038 shares of the conglomerate’s stock, valued at approximately $383,000.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in shares of Carlisle Companies by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after purchasing an additional 16,303 shares during the period. FMR LLC lifted its position in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after buying an additional 218,002 shares during the last quarter. Geode Capital Management LLC boosted its stake in Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after buying an additional 102,436 shares during the period. Truist Financial Corp increased its position in Carlisle Companies by 3.9% during the fourth quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock valued at $133,776,000 after acquiring an additional 13,505 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carlisle Companies by 14.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after acquiring an additional 41,766 shares during the period. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

Carlisle Companies stock opened at $350.89 on Thursday. Carlisle Companies Incorporated has a fifty-two week low of $339.10 and a fifty-two week high of $481.26. The company has a market capitalization of $15.91 billion, a PE ratio of 12.70, a P/E/G ratio of 1.07 and a beta of 0.96. The company has a 50 day moving average price of $379.07 and a 200-day moving average price of $413.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share 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 period in the previous year, the business posted $4.17 earnings per share. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced 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 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Insider Buying and Selling at Carlisle Companies

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

Analyst Upgrades and Downgrades

CSL has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped 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 note on Tuesday, January 14th. Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. 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 research note on Friday, January 10th. Oppenheimer reissued an “outperform” rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, 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 report on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.