Kestra Investment Management LLC Makes New Investment in Carlisle Companies Incorporated (NYSE:CSL)

Kestra Investment Management LLC bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,038 shares of the conglomerate's stock, valued at approximately $383,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Carlisle Companies by 225.2% during the third quarter. Blue Trust Inc. now owns 722 shares of the conglomerate's stock worth $325,000 after purchasing an additional 500 shares in the last quarter. Signaturefd LLC lifted its position in Carlisle Companies by 238.9% during the third quarter. Signaturefd LLC now owns 827 shares of the conglomerate's stock worth $372,000 after buying an additional 583 shares during the period. Eastern Bank purchased a new position in Carlisle Companies during the third quarter worth about $585,000. Private Advisor Group LLC lifted its position in Carlisle Companies by 24.1% during the third quarter. Private Advisor Group LLC now owns 823 shares of the conglomerate's stock worth $370,000 after buying an additional 160 shares during the period. Finally, TFG Advisers LLC increased its stake in Carlisle Companies by 4.0% during the third quarter. TFG Advisers LLC now owns 1,328 shares of the conglomerate's stock worth $597,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Carlisle Companies Stock Down 2.4 %

Shares of CSL stock traded down $8.38 during trading hours on Friday, reaching $334.74. The company had a trading volume of 246,078 shares, compared to its average volume of 425,184. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a twelve month low of $332.34 and a twelve month high of $481.26. The company has a market capitalization of $14.92 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.05 and a beta of 0.96. The stock's fifty day simple moving average is $377.47 and its 200 day simple moving average is $413.16.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share 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 last year, the firm posted $4.17 earnings per share. As a group, sell-side analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.19%. Carlisle Companies's dividend payout ratio (DPR) is presently 14.48%.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. 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. Oppenheimer restated an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 price target for the company. Finally, The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.