Moran Wealth Management LLC Has $13.31 Million Stake in Carlisle Companies Incorporated (NYSE:CSL)

Moran Wealth Management LLC decreased its stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,096 shares of the conglomerate's stock after selling 1,116 shares during the period. Moran Wealth Management LLC owned approximately 0.08% of Carlisle Companies worth $13,314,000 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 the stock. Diversify Advisory Services LLC grew its position in Carlisle Companies by 1.7% in the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock worth $586,000 after purchasing an additional 26 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Carlisle Companies by 5.2% in the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock valued at $273,000 after buying an additional 30 shares during the period. Covestor Ltd grew its position in Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock worth $89,000 after buying an additional 32 shares in the last quarter. GAMMA Investing LLC increased its stake in Carlisle Companies by 3.0% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock valued at $489,000 after acquiring an additional 38 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Carlisle Companies by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate's stock valued at $1,527,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

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Carlisle Companies Price Performance

Shares of CSL traded down $2.94 during trading hours on Thursday, hitting $326.61. The stock had a trading volume of 485,603 shares, compared to its average volume of 428,388. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.03 and a beta of 0.99. 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 company's fifty day moving average is $363.79 and its two-hundred day moving average is $407.17. Carlisle Companies Incorporated has a 52 week low of $321.93 and a 52 week high of $481.26.

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, topping 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 in the previous year, the business earned $4.17 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.22%. Carlisle Companies's dividend payout ratio is 14.48%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSL. Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group lowered their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Oppenheimer reaffirmed 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $476.00.

Insider Buying and Selling at Carlisle Companies

In related news, Director Jonathan R. Collins sold 1,050 shares of Carlisle Companies stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the transaction, the director now directly owns 2,665 shares of the company's stock, valued at $930,724.60. The trade was a 28.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mehul Patel sold 150 shares of the company's stock in a transaction dated Saturday, February 8th. The stock was 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 approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

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.