Woodmont Investment Counsel LLC Buys Shares of 546 Carlisle Companies Incorporated (NYSE:CSL)

Woodmont Investment Counsel LLC bought a new stake in shares of Carlisle Companies Incorporated (NYSE:CSL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 546 shares of the conglomerate’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commerce Bank lifted its position in Carlisle Companies by 1.4% during the 4th quarter. Commerce Bank now owns 2,457 shares of the conglomerate’s stock worth $768,000 after acquiring an additional 34 shares during the period. Astoria Portfolio Advisors LLC. raised its stake in shares of Carlisle Companies by 5.0% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 711 shares of the conglomerate’s stock valued at $265,000 after buying an additional 34 shares during the last quarter. Allworth Financial LP raised its stake in shares of Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Carlisle Companies by 1.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,855 shares of the conglomerate’s stock valued at $1,511,000 after buying an additional 43 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Carlisle Companies by 3.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,522 shares of the conglomerate’s stock valued at $475,000 after buying an additional 45 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

NYSE:CSL opened at $405.21 on Wednesday. Carlisle Companies Incorporated has a 12 month low of $235.79 and a 12 month high of $430.21. The stock has a 50 day moving average of $410.80 and a two-hundred day moving average of $367.69. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $19.29 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

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

Carlisle Companies Announces Dividend

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

Insider Activity at Carlisle Companies

In related news, 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 value of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,149,413.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 value of $826,166.46. Following the transaction, the vice president now directly owns 2,834 shares in the company, valued at $1,149,413.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $420.06, for a total value of $23,072,635.62. Following the transaction, the chief executive officer now owns 86,652 shares in the company, valued at $36,399,039.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,059 shares of company stock worth $24,334,065. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Loop Capital lifted their price target on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Robert W. Baird lifted their price target on Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Oppenheimer lifted their price target on Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.