Nations Financial Group Inc. IA ADV Makes New $568,000 Investment in Carlisle Companies Incorporated (NYSE:CSL)

Nations Financial Group Inc. IA ADV bought a new stake in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,538 shares of the conglomerate's stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CSL. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies during the third quarter worth about $25,000. True Wealth Design LLC lifted its stake in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after purchasing an additional 70 shares in the last quarter. Quarry LP lifted its stake in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after purchasing an additional 57 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate's stock worth $69,000 after purchasing an additional 67 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock worth $89,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Activity

In related 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 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. This represents a 28.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 completion of the transaction, the vice president now directly owns 815 shares of the company's stock, valued at $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

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

Carlisle Companies Stock Down 2.5 %

Carlisle Companies stock traded down $8.65 during midday trading on Friday, hitting $334.48. The stock had a trading volume of 453,276 shares, compared to its average volume of 431,738. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.90 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.05 and a beta of 0.96. Carlisle Companies Incorporated has a 12 month low of $332.34 and a 12 month high of $481.26. The business has a fifty day moving average price of $375.76 and a 200 day moving average price of $412.86.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 34.37% and a net margin of 26.22%. During the same period last year, the company earned $4.17 earnings per share. Research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is presently 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.