Cary Street Partners Financial LLC Has $3.61 Million Holdings in Carlisle Companies Incorporated $CSL

Cary Street Partners Financial LLC increased its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 90.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,975 shares of the conglomerate’s stock after buying an additional 5,213 shares during the period. Cary Street Partners Financial LLC’s holdings in Carlisle Companies were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bridges Investment Management Inc. increased its stake in Carlisle Companies by 221.3% in the third quarter. Bridges Investment Management Inc. now owns 148,107 shares of the conglomerate’s stock valued at $48,721,000 after acquiring an additional 102,014 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Carlisle Companies by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 227,526 shares of the conglomerate’s stock valued at $74,847,000 after purchasing an additional 8,701 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Carlisle Companies in the 3rd quarter valued at $540,000. EFG Asset Management North America Corp. increased its stake in shares of Carlisle Companies by 11.3% in the 2nd quarter. EFG Asset Management North America Corp. now owns 8,725 shares of the conglomerate’s stock valued at $3,260,000 after purchasing an additional 885 shares during the last quarter. Finally, M&G PLC acquired a new position in shares of Carlisle Companies during the 3rd quarter worth $11,913,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity

In other news, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total value of $745,290.00. Following the sale, the vice president directly owned 3,697 shares of the company’s stock, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO D Christian Koch sold 36,260 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $413.38, for a total transaction of $14,989,158.80. Following the sale, the chief executive officer owned 113,238 shares of the company’s stock, valued at approximately $46,810,324.44. This trade represents a 24.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,289 shares of company stock worth $28,125,467 over the last quarter. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the topic of several research analyst reports. Truist Financial reduced their price objective on Carlisle Companies from $350.00 to $340.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. William Blair assumed coverage on shares of Carlisle Companies in a research note on Friday, January 30th. They issued a “market perform” rating on the stock. Robert W. Baird set a $420.00 price target on shares of Carlisle Companies in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price objective on shares of Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $392.50.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $395.64 on Friday. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.26 and a beta of 0.94. Carlisle Companies Incorporated has a twelve month low of $293.43 and a twelve month high of $435.92. The company’s fifty day moving average is $363.98 and its 200 day moving average is $349.26. The company has a quick ratio of 2.49, a current ratio of 3.09 and a debt-to-equity ratio of 1.60.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 3rd. The conglomerate reported $3.90 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.30. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Carlisle Companies had a return on equity of 41.58% and a net margin of 14.76%.The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.47 EPS. Sell-side analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, February 17th. This represents a $4.40 annualized dividend and a yield of 1.1%. Carlisle Companies’s dividend payout ratio (DPR) is presently 25.72%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.