Astoria Portfolio Advisors LLC. Raises Position in Carlisle Companies Incorporated (NYSE:CSL)

Astoria Portfolio Advisors LLC. grew its position in Carlisle Companies Incorporated (NYSE:CSL) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 711 shares of the conglomerate’s stock after acquiring an additional 34 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in Carlisle Companies were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Carlisle Companies during the third quarter worth about $383,000. Hsbc Holdings PLC boosted its holdings in Carlisle Companies by 13.5% during the third quarter. Hsbc Holdings PLC now owns 7,765 shares of the conglomerate’s stock worth $2,014,000 after buying an additional 926 shares in the last quarter. LPL Financial LLC boosted its holdings in Carlisle Companies by 25.4% during the third quarter. LPL Financial LLC now owns 27,049 shares of the conglomerate’s stock worth $7,013,000 after buying an additional 5,483 shares in the last quarter. Mariner LLC boosted its holdings in Carlisle Companies by 5.0% during the third quarter. Mariner LLC now owns 2,878 shares of the conglomerate’s stock worth $746,000 after buying an additional 138 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Carlisle Companies by 2.5% during the third quarter. Stifel Financial Corp now owns 35,143 shares of the conglomerate’s stock worth $9,111,000 after buying an additional 873 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

NYSE:CSL opened at $405.21 on Friday. The firm has a 50 day simple moving average of $409.74 and a 200-day simple moving average of $365.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.95 and a quick ratio of 2.61. The firm has a market cap of $19.29 billion, a PE ratio of 23.49, a P/E/G ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $430.21.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. On average, equities analysts expect that Carlisle Companies Incorporated will post 19.93 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, May 17th. Carlisle Companies’s dividend payout ratio is presently 19.71%.

Insider Buying and Selling

In related news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $397.50, for a total transaction of $435,262.50. Following the completion of the transaction, the chief accounting officer now owns 1,624 shares of the company’s stock, valued at $645,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David W. Smith sold 2,037 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,059 shares of company stock valued at $24,334,065. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Loop Capital upped their price target on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target on the stock. Finally, Robert W. Baird upped their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $416.00.

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.