Bahl & Gaynor Inc. Raises Position in Carlisle Companies Incorporated (NYSE:CSL)

Bahl & Gaynor Inc. lifted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 179,823 shares of the conglomerate’s stock after acquiring an additional 4,570 shares during the period. Bahl & Gaynor Inc.’s holdings in Carlisle Companies were worth $66,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies in the third quarter worth about $25,000. True Wealth Design LLC raised its stake in Carlisle Companies by 1,400.0% during the 3rd 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 period. Quarry LP lifted its holdings in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Carlisle Companies by 55.4% in the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after purchasing an additional 67 shares during the period. Finally, Covestor Ltd increased its stake in shares of Carlisle Companies by 19.3% in the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Trading Down 2.4 %

Shares of CSL stock opened at $332.65 on Tuesday. The stock’s 50-day moving average price is $369.36 and its 200-day moving average price is $410.94. Carlisle Companies Incorporated has a 12-month low of $330.65 and a 12-month high of $481.26. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the company earned $4.17 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.20%. Carlisle Companies’s dividend payout ratio is currently 14.48%.

Insiders Place Their Bets

In other news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSL. Oppenheimer restated an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Loop Capital decreased their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $476.00.

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.