Private Trust Co. NA Acquires 166 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Private Trust Co. NA raised its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 74.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 389 shares of the conglomerate’s stock after buying an additional 166 shares during the period. Private Trust Co. NA’s holdings in Carlisle Companies were worth $143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in shares of Carlisle Companies by 24.1% during the third quarter. Private Advisor Group LLC now owns 823 shares of the conglomerate’s stock valued at $370,000 after buying an additional 160 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Carlisle Companies by 56.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,098 shares of the conglomerate’s stock valued at $1,843,000 after acquiring an additional 1,479 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Carlisle Companies by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 7,737 shares of the conglomerate’s stock worth $3,550,000 after acquiring an additional 768 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Carlisle Companies by 17.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 163,693 shares of the conglomerate’s stock worth $73,621,000 after acquiring an additional 23,857 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Carlisle Companies by 32.6% in the third quarter. National Pension Service now owns 93,456 shares of the conglomerate’s stock valued at $42,032,000 after purchasing an additional 22,956 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Transactions at Carlisle Companies

In other news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $326.52 on Wednesday. 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 fifty day simple moving average of $368.36 and a two-hundred day simple moving average of $410.40. Carlisle Companies Incorporated has a 1-year low of $321.93 and a 1-year high of $481.26. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the previous year, the firm posted $4.17 EPS. Analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.23%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

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.