Park Avenue Securities LLC Purchases Shares of 691 Carlisle Companies Incorporated (NYSE:CSL)

Park Avenue Securities LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 691 shares of the conglomerate’s stock, valued at approximately $255,000.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Carlisle Companies in the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the third quarter worth $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares during the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. Finally, Quarry LP increased its holdings in 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 acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Loop Capital dropped their price objective 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 dropped their price target 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. Robert W. Baird reduced their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial initiated 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. Finally, Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned 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 price target of $476.00.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $403.03 on Friday. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a 50 day moving average price of $406.70 and a 200-day moving average price of $420.38. Carlisle Companies Incorporated has a one year low of $302.44 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm earned $4.68 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.99%. Carlisle Companies’s payout ratio is 14.15%.

Carlisle Companies Company 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.