Carlisle Companies Incorporated (NYSE:CSL) Position Boosted by Next Level Private LLC

Next Level Private LLC boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,409 shares of the conglomerate’s stock after purchasing an additional 62 shares during the period. Carlisle Companies comprises about 5.9% of Next Level Private LLC’s investment portfolio, making the stock its 2nd biggest position. Next Level Private LLC owned approximately 0.07% of Carlisle Companies worth $10,438,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in Carlisle Companies by 48.1% during the first quarter. Citigroup Inc. now owns 20,327 shares of the conglomerate’s stock valued at $4,998,000 after acquiring an additional 6,603 shares during the period. Great West Life Assurance Co. Can raised its holdings in Carlisle Companies by 0.6% during the first quarter. Great West Life Assurance Co. Can now owns 29,831 shares of the conglomerate’s stock valued at $7,549,000 after acquiring an additional 176 shares during the period. Raymond James Trust N.A. raised its holdings in Carlisle Companies by 3.5% during the first quarter. Raymond James Trust N.A. now owns 2,160 shares of the conglomerate’s stock valued at $531,000 after acquiring an additional 73 shares during the period. Synovus Financial Corp raised its holdings in Carlisle Companies by 7.9% during the first quarter. Synovus Financial Corp now owns 4,958 shares of the conglomerate’s stock valued at $1,206,000 after acquiring an additional 363 shares during the period. Finally, Sei Investments Co. raised its holdings in Carlisle Companies by 23.6% during the first quarter. Sei Investments Co. now owns 53,110 shares of the conglomerate’s stock valued at $13,028,000 after acquiring an additional 10,150 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms have commented on CSL. Robert W. Baird raised their price target on Carlisle Companies from $365.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Oppenheimer lifted their target price on Carlisle Companies from $355.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Finally, StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $331.67.

Carlisle Companies Trading Up 0.0 %

Shares of CSL stock opened at $388.62 on Thursday. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. Carlisle Companies Incorporated has a 12-month low of $203.65 and a 12-month high of $392.63. The company has a current ratio of 2.87, a quick ratio of 2.57 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average price is $345.76 and its 200-day moving average price is $301.98.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, topping the consensus estimate of $3.47 by $0.70. The company had revenue of $1.13 billion during 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%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $3.92 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 18.51 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors 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 annualized dividend and a yield of 0.87%. Carlisle Companies’s dividend payout ratio is currently 22.31%.

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.