Foster & Motley Inc. Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Foster & Motley Inc. acquired a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,087 shares of the conglomerate’s stock, valued at approximately $340,000.

A number of other large investors also recently made changes to their positions in CSL. Allworth Financial LP lifted its position in Carlisle Companies by 88.9% in the 4th quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after buying an additional 40 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Carlisle Companies during the 4th quarter worth about $40,000. Signaturefd LLC raised its stake in shares of Carlisle Companies by 28.9% during the 3rd quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock worth $51,000 after purchasing an additional 44 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Carlisle Companies during the 4th quarter valued at about $53,000. Finally, Tobam acquired a new position in Carlisle Companies in the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP David W. Smith sold 700 shares of the business’s 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 $959,422.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO D Christian Koch sold 6,454 shares of the firm’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 approximately $30,114,169.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David W. Smith sold 700 shares of the stock in a transaction on Thursday, February 8th. The stock was 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 $959,422.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSL has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Oppenheimer increased their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Loop Capital boosted their target price on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, The Goldman Sachs Group initiated coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Carlisle Companies Stock Performance

Shares of NYSE CSL opened at $375.15 on Thursday. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The company has a market cap of $17.93 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.35 and a beta of 0.93. The business’s 50 day moving average is $369.95 and its two-hundred day moving average is $318.74.

Carlisle Companies (NYSE:CSL) last released its 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. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $3.92 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities analysts expect that Carlisle Companies Incorporated will post 18.72 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.91%. Carlisle Companies’s dividend payout ratio is 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.