Lecap Asset Management Ltd. Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Lecap Asset Management Ltd. purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,913 shares of the conglomerate’s stock, valued at approximately $706,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its holdings in shares of Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after acquiring an additional 24 shares during the last quarter. Tributary Capital Management LLC lifted its stake in Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock worth $1,023,000 after purchasing an additional 24 shares during the last quarter. Diversify Advisory Services LLC boosted its position in shares of Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after buying an additional 25 shares during the period. Equitable Trust Co. grew its stake in shares of Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock valued at $3,874,000 after buying an additional 25 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Carlisle Companies by 5.2% in the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after buying an additional 30 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

NYSE CSL opened at $350.70 on Friday. The company has a market cap of $15.90 billion, a PE ratio of 12.41, a P/E/G ratio of 1.15 and a beta of 0.96. Carlisle Companies Incorporated has a 52-week low of $337.01 and a 52-week high of $481.26. 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 firm’s 50 day moving average price is $392.01 and its 200-day moving average price is $416.97.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same quarter in the previous year, the firm posted $4.17 EPS. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.14%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % 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 corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CSL shares. Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group lowered their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird reduced their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Loop Capital lowered their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

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.