Advisory Services Network LLC Grows Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Advisory Services Network LLC grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,064 shares of the conglomerate’s stock after purchasing an additional 451 shares during the quarter. Advisory Services Network LLC’s holdings in Carlisle Companies were worth $4,335,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CSL. Allworth Financial LP lifted its holdings in shares of Carlisle Companies by 88.9% during the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC purchased a new position in Carlisle Companies during the fourth quarter worth approximately $31,000. Principal Securities Inc. acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $32,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Carlisle Companies during the 4th quarter valued at $40,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Carlisle Companies by 38.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 13,841 shares of the conglomerate’s stock worth $43,000 after buying an additional 3,815 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Carlisle Companies

In other news, CAO Stephen Aldrich sold 1,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was 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 directly owns 1,624 shares of the company’s stock, valued at $645,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $420.06, for a total transaction of $23,072,635.62. Following the completion of the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at $36,399,039.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen Aldrich sold 1,095 shares of the firm’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 value of $435,262.50. Following the completion of the sale, the chief accounting officer now owns 1,624 shares in the company, valued at $645,540. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,059 shares of company stock valued at $24,334,065. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

CSL has been the topic of a number of research analyst reports. The Goldman Sachs Group started coverage on Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. Loop Capital boosted their target price on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Oppenheimer raised their price target on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Robert W. Baird boosted their price objective on Carlisle Companies from $435.00 to $465.00 and gave the stock 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 given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $416.00.

Carlisle Companies Stock Up 2.6 %

CSL traded up $11.28 during trading on Friday, hitting $437.33. The company had a trading volume of 77,934 shares, compared to its average volume of 312,469. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $437.92. 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 company has a market cap of $20.82 billion, a PE ratio of 24.69, a P/E/G ratio of 1.39 and a beta of 0.90. The business has a 50-day moving average of $414.02 and a 200-day moving average of $371.78.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.98. The business had revenue of $1.10 billion for 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%. As a group, analysts forecast that Carlisle Companies Incorporated will post 19.93 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.85 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.78%. Carlisle Companies’s dividend payout ratio (DPR) is 19.71%.

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.