Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. grew its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,832 shares of the conglomerate’s stock after buying an additional 438 shares during the period. Navellier & Associates Inc.’s holdings in Carlisle Companies were worth $4,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Tributary Capital Management LLC raised its position in shares of Carlisle Companies by 1.1% in the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after buying an additional 24 shares during the last quarter. Diversify Advisory Services LLC increased its position in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock worth $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. increased its position in Carlisle Companies by 0.3% during the third quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after purchasing an additional 25 shares during the last quarter. Metis Global Partners LLC increased its position in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after purchasing an additional 30 shares during the last quarter. Finally, Covestor Ltd increased 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 purchasing an additional 32 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The shares were 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 owns 815 shares of the company’s stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s 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 completion of the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. The trade was a 28.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $334.48 on Friday. Carlisle Companies Incorporated has a 1-year low of $332.34 and a 1-year high of $481.26. The stock has a market cap of $14.90 billion, a PE ratio of 12.11, a P/E/G ratio of 1.05 and a beta of 0.96. The firm has a 50-day simple moving average of $375.76 and a two-hundred day simple moving average of $412.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm earned $4.17 earnings per share. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial assumed coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Oppenheimer restated an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Robert W. Baird cut their price objective on shares of 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies 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.