Carlisle Companies Incorporated (NYSE:CSL) Position Trimmed by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,211 shares of the conglomerate’s stock after selling 163 shares during the quarter. Carlisle Companies accounts for 0.9% of Marks Group Wealth Management Inc’s portfolio, making the stock its 28th largest holding. Marks Group Wealth Management Inc owned 0.05% of Carlisle Companies worth $7,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CSL. National Bank of Canada FI increased its stake in Carlisle Companies by 47.2% in the 3rd quarter. National Bank of Canada FI now owns 5,967 shares of the conglomerate’s stock worth $1,495,000 after purchasing an additional 1,913 shares in the last quarter. AE Wealth Management LLC grew its position in Carlisle Companies by 133.8% during the 3rd quarter. AE Wealth Management LLC now owns 4,096 shares of the conglomerate’s stock worth $1,062,000 after purchasing an additional 2,344 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Carlisle Companies by 61,633.3% in the third quarter. IFP Advisors Inc now owns 3,704 shares of the conglomerate’s stock worth $960,000 after buying an additional 3,698 shares during the period. SG Americas Securities LLC grew its holdings in shares of Carlisle Companies by 14.9% during the third quarter. SG Americas Securities LLC now owns 6,612 shares of the conglomerate’s stock valued at $1,714,000 after buying an additional 856 shares in the last quarter. Finally, Traynor Capital Management Inc. acquired a new position in Carlisle Companies during the third quarter valued at $200,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP David W. Smith sold 700 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now directly owns 2,834 shares in the company, valued at approximately $959,422.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at $959,422.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO D Christian Koch sold 6,454 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,255 shares of company stock valued at $5,231,360. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Price Performance

Shares of CSL stock traded up $3.21 during mid-day trading on Monday, reaching $370.62. The company’s stock had a trading volume of 166,275 shares, compared to its average volume of 271,962. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. The firm’s 50-day moving average is $368.69 and its two-hundred day moving average is $317.51. Carlisle Companies Incorporated has a 1-year low of $205.10 and a 1-year high of $403.44. The company has a market cap of $17.72 billion, a P/E ratio of 24.32, a PEG ratio of 1.31 and a beta of 0.93.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, beating the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. Carlisle Companies’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.92 EPS. On average, research analysts predict that Carlisle Companies Incorporated will post 18.72 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.40 dividend on an annualized basis and a yield of 0.92%. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CSL shares. Robert W. Baird upped their target price on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Oppenheimer boosted their target price on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $390.33.

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.