Golden State Equity Partners Raises Stake in Carlisle Companies Incorporated (NYSE:CSL)

Golden State Equity Partners raised its position in Carlisle Companies Incorporated (NYSE:CSL) by 31.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,108 shares of the conglomerate’s stock after buying an additional 264 shares during the period. Golden State Equity Partners’ holdings in Carlisle Companies were worth $346,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $40,000. 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 worth $51,000 after buying an additional 44 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $53,000. Finally, Tobam purchased a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 4.9 %

CSL stock opened at $400.56 on Friday. The company has a fifty day moving average price of $371.87 and a 200 day moving average price of $320.52. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $415.00. The company has a market cap of $19.15 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.23%. Sell-side analysts expect that Carlisle Companies Incorporated will post 19.08 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. Carlisle Companies’s payout ratio is currently 19.71%.

Insiders Place Their Bets

In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the completion of the transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $30,114,169.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction on 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 transaction, 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. In the last quarter, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

CSL has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday. Loop Capital boosted their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird upped their price target on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday. 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. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $398.33.

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.