Douglas Lane & Associates LLC Invests $787,000 in Carlisle Companies Incorporated (NYSE:CSL)

Douglas Lane & Associates LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,134 shares of the conglomerate's stock, valued at approximately $787,000.

Other institutional investors have also recently bought and sold shares of the company. Driehaus Capital Management LLC grew its stake in shares of Carlisle Companies by 44.6% in the 2nd quarter. Driehaus Capital Management LLC now owns 56,689 shares of the conglomerate's stock valued at $22,971,000 after purchasing an additional 17,472 shares during the period. KBC Group NV grew its position in Carlisle Companies by 34.9% in the third quarter. KBC Group NV now owns 10,646 shares of the conglomerate's stock valued at $4,788,000 after acquiring an additional 2,752 shares during the period. Quest Partners LLC raised its stake in 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 acquiring an additional 4,005 shares in the last quarter. Geode Capital Management LLC raised its stake in Carlisle Companies by 13.3% during 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 in the last quarter. Finally, Meridian Wealth Management LLC bought a new position in shares of Carlisle Companies during the third quarter valued at $631,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Price Performance

NYSE:CSL traded up $6.93 during mid-day trading on Thursday, reaching $372.75. 342,236 shares of the company were exchanged, compared to its average volume of 293,067. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock has a market cap of $16.90 billion, a PE ratio of 13.19, a PEG ratio of 1.41 and a beta of 0.96. Carlisle Companies Incorporated has a 12 month low of $297.25 and a 12 month high of $481.26. The company has a fifty day moving average of $417.96 and a 200 day moving average of $421.53.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $4.68 earnings per share. Carlisle Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.07%. Carlisle Companies's payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 price objective for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $470.00.

About Carlisle Companies

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.