Welch & Forbes LLC Buys 3,800 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Welch & Forbes LLC grew its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,248 shares of the conglomerate's stock after purchasing an additional 3,800 shares during the quarter. Welch & Forbes LLC owned approximately 0.21% of Carlisle Companies worth $34,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSL. KBC Group NV boosted its holdings in Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock worth $4,788,000 after buying an additional 2,752 shares during the period. Pensionfund Sabic purchased a new position in shares of Carlisle Companies in the fourth quarter valued at about $1,291,000. Geode Capital Management LLC boosted its stake in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock worth $391,827,000 after acquiring an additional 102,436 shares during the period. Quest Partners LLC grew its position in shares of Carlisle Companies by 624.8% during the third quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate's stock worth $2,090,000 after purchasing an additional 4,005 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Carlisle Companies during the third quarter worth about $631,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

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Carlisle Companies Price Performance

Shares of NYSE CSL traded down $4.13 during midday trading on Tuesday, reaching $331.43. 530,823 shares of the stock traded hands, compared to its average volume of 428,187. The company's 50 day moving average is $365.32 and its 200 day moving average is $408.35. Carlisle Companies Incorporated has a one year low of $321.93 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The stock has a market capitalization of $14.77 billion, a PE ratio of 12.00, 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 data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the company earned $4.17 earnings per share. On average, equities research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.21%. Carlisle Companies's payout ratio is currently 14.48%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the business's stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % 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, Director Jonathan R. Collins sold 1,050 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was 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 trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

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

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.