Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,303 shares of the conglomerate’s stock after acquiring an additional 149 shares during the period. Ritholtz Wealth Management’s holdings in Carlisle Companies were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Carlisle Companies by 371.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 363 shares of the conglomerate’s stock valued at $134,000 after purchasing an additional 286 shares during the period. Park Avenue Securities LLC acquired a new position in Carlisle Companies in the 4th quarter valued at $255,000. Oak Thistle LLC purchased a new position in Carlisle Companies during the 4th quarter worth $615,000. Moody National Bank Trust Division acquired a new stake in shares of Carlisle Companies in the 4th quarter worth $872,000. Finally, Tilia Fiduciary Partners Inc. lifted its stake in shares of Carlisle Companies by 3.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 7,211 shares of the conglomerate’s stock worth $2,660,000 after acquiring an additional 254 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several analyst reports. Loop Capital cut their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. The Goldman Sachs Group cut their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Finally, Robert W. Baird decreased their target price on shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies Stock Performance

CSL opened at $400.46 on Tuesday. Carlisle Companies Incorporated has a 1-year low of $302.08 and a 1-year high of $481.26. The stock has a market cap of $18.15 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96. The stock’s 50 day simple moving average is $410.38 and its 200 day simple moving average is $420.55. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $4.68 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

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.