Nations Financial Group Inc. IA ADV Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

Nations Financial Group Inc. IA ADV acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,538 shares of the conglomerate’s stock, valued at approximately $568,000.

Several other hedge funds have also recently bought and sold shares of CSL. Aaron Wealth Advisors LLC bought a new stake in shares of Carlisle Companies in the third quarter valued at approximately $226,000. Blue Trust Inc. increased its stake in shares of Carlisle Companies by 225.2% in the third quarter. Blue Trust Inc. now owns 722 shares of the conglomerate’s stock valued at $325,000 after buying an additional 500 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock worth $332,000 after purchasing an additional 24 shares during the last quarter. Signaturefd LLC raised its holdings in Carlisle Companies by 238.9% during the 3rd quarter. Signaturefd LLC now owns 827 shares of the conglomerate’s stock worth $372,000 after purchasing an additional 583 shares during the last quarter. Finally, Eastern Bank acquired a new position in Carlisle Companies during the 3rd quarter valued at about $585,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE:CSL opened at $357.83 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $382.00 and a 200 day simple moving average of $414.39. Carlisle Companies Incorporated has a 1-year low of $339.10 and a 1-year high of $481.26. The stock has a market cap of $16.22 billion, a P/E ratio of 12.95, a PEG ratio of 1.04 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 33.14%. During the same quarter in the previous year, the firm earned $4.17 EPS. Research analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. The trade was a 28.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction dated Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the sale, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,475 shares of company stock valued at $541,219. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Carlisle Companies Company 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.