Lecap Asset Management Ltd. Takes $706,000 Position in Carlisle Companies Incorporated (NYSE:CSL)

Lecap Asset Management Ltd. bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,913 shares of the conglomerate's stock, valued at approximately $706,000.

Several other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies during the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies during the third quarter worth approximately $32,000. True Wealth Design LLC raised its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 70 shares during the period. UMB Bank n.a. lifted its stake in shares of Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after purchasing an additional 57 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares in the company, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David W. Smith sold 275 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company's stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,475 shares of company stock worth $541,219. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CSL. Oppenheimer restated an "outperform" rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 target price on the stock. Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Carlisle Companies Trading Up 0.9 %

CSL stock traded up $3.02 during trading on Tuesday, hitting $357.59. The company had a trading volume of 515,638 shares, compared to its average volume of 393,309. The firm has a market capitalization of $16.21 billion, a P/E ratio of 12.94, a PEG ratio of 1.04 and a beta of 0.96. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. Carlisle Companies Incorporated has a 52-week low of $338.52 and a 52-week high of $481.26. The company has a 50 day simple moving average of $388.30 and a 200-day simple moving average of $416.04.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share 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 33.14%. During the same quarter in the prior year, the firm earned $4.17 earnings per share. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies's dividend payout ratio is 14.48%.

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.