Vestcor Inc Has $565,000 Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Vestcor Inc lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,533 shares of the conglomerate’s stock after selling 1,853 shares during the quarter. Vestcor Inc’s holdings in Carlisle Companies were worth $565,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CSL. True Wealth Design LLC boosted its holdings in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Carlisle Companies by 95.1% in the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock valued at $59,000 after purchasing an additional 78 shares in the last quarter. Quarry LP boosted its holdings 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 purchasing an additional 57 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 67 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Carlisle Companies by 57.0% in the 3rd quarter. Huntington National Bank now owns 212 shares of the conglomerate’s stock valued at $95,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated 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. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Up 2.9 %

Shares of NYSE:CSL opened at $335.95 on Monday. The firm has a market cap of $14.97 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.03 and a beta of 0.99. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. The business has a fifty day simple moving average of $362.29 and a 200 day simple moving average of $405.88.

Carlisle Companies (NYSE:CSL) last announced its 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 34.37% and a net margin of 26.22%. During the same quarter last year, the company posted $4.17 earnings per share. Analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Wall Street Analysts Forecast Growth

CSL has been the topic of several recent research reports. Loop Capital cut 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. The Goldman Sachs Group cut their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (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 given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

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.