Verdence Capital Advisors LLC Has $669,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Verdence Capital Advisors LLC increased its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 155.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,814 shares of the conglomerate's stock after acquiring an additional 1,105 shares during the quarter. Verdence Capital Advisors LLC's holdings in Carlisle Companies were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CSL. Equitable Trust Co. raised its holdings in shares of Carlisle Companies by 0.3% in 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. Diversify Advisory Services LLC raised its holdings in shares of Carlisle Companies by 1.7% in the fourth quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock valued at $586,000 after buying an additional 26 shares during the last quarter. Metis Global Partners LLC raised its holdings in Carlisle Companies by 5.2% during the 3rd quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock worth $273,000 after purchasing an additional 30 shares during the last quarter. Covestor Ltd raised its holdings in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock worth $89,000 after purchasing an additional 32 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Carlisle Companies by 3.0% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock worth $489,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 89.52% of the company's stock.

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Carlisle Companies Stock Up 0.5 %

Shares of CSL traded up $1.68 on Friday, hitting $336.08. The company's stock had a trading volume of 348,482 shares, compared to its average volume of 424,268. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The firm's fifty day moving average price is $365.97 and its 200-day moving average price is $408.90. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 prior year, the company posted $4.17 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 18th. Carlisle Companies's payout ratio is presently 14.48%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Truist Financial assumed 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. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Oppenheimer reissued an "outperform" rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Insider Activity

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

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.