Oak Thistle LLC Buys Shares of 1,667 Carlisle Companies Incorporated (NYSE:CSL)

Oak Thistle LLC acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,667 shares of the conglomerate's stock, valued at approximately $615,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new stake in shares of Carlisle Companies in the third quarter valued at approximately $32,000. True Wealth Design LLC increased its stake in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after acquiring an additional 70 shares during the period. UMB Bank n.a. raised its holdings in 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 acquiring an additional 92 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after acquiring an additional 57 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial began coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a "hold" rating and a $460.00 price target for the company. Loop Capital decreased their price objective on shares of 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 cut their target price 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. The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Oppenheimer reissued 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $476.00.

Carlisle Companies Price Performance

Shares of NYSE CSL traded up $5.06 during midday trading on Friday, reaching $400.46. 363,755 shares of the company were exchanged, compared to its average volume of 303,232. The stock's 50-day moving average price is $412.48 and its 200-day moving average price is $420.40. The stock has a market cap of $18.15 billion, a P/E ratio of 14.17, a PEG ratio of 1.09 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 one year low of $302.08 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.68 EPS. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

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

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.