Procyon Advisors LLC Has $921,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Procyon Advisors LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,947 shares of the conglomerate’s stock after acquiring an additional 324 shares during the quarter. Procyon Advisors LLC’s holdings in Carlisle Companies were worth $921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions Corp. acquired a new position in shares of Carlisle Companies in the 4th quarter worth approximately $29,000. Artemis Wealth Advisors LLC acquired a new position in shares of Carlisle Companies during the 2nd quarter valued at $42,000. Signaturefd LLC lifted its position in shares of Carlisle Companies by 28.9% during the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 44 shares during the period. RVW Wealth LLC acquired a new position in shares of Carlisle Companies during the 3rd quarter valued at $52,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Carlisle Companies during the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

CSL has been the subject of a number of recent research reports. Oppenheimer boosted their price target on shares of Carlisle Companies from $355.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Robert W. Baird boosted their price target on shares of Carlisle Companies from $365.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.67.

Carlisle Companies Stock Performance

CSL traded up $2.57 during trading on Thursday, hitting $391.19. 17,626 shares of the company traded hands, compared to its average volume of 273,058. The firm has a market cap of $18.70 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. The stock’s fifty day moving average is $345.76 and its 200 day moving average is $301.98. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. Carlisle Companies Incorporated has a one year low of $203.65 and a one year high of $393.43.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.70. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.92 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 18.51 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now directly owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP David W. Smith sold 700 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now directly owns 5,212 shares in the company, valued at $1,770,203.68. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock valued at $5,231,360 over the last three months. 1.50% of the stock is currently owned by insiders.

About Carlisle Companies

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.