Victory Capital Management Inc. Raises Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Victory Capital Management Inc. boosted its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,282 shares of the conglomerate’s stock after purchasing an additional 18,314 shares during the quarter. Victory Capital Management Inc. owned approximately 0.25% of Carlisle Companies worth $41,783,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the third quarter worth $25,000. True Wealth Design LLC grew its holdings in Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 70 shares in the last quarter. Quarry LP increased its position in shares of Carlisle Companies by 75.0% in the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Carlisle Companies by 55.4% in the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 67 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of 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 owned by institutional investors and hedge funds.

Insider Activity

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

Carlisle Companies Trading Up 0.5 %

NYSE:CSL opened at $336.08 on Friday. The firm has a market capitalization of $14.98 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.03 and a beta of 0.99. The business has a 50 day simple moving average of $365.97 and a 200 day simple moving average of $408.90. 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 Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly 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 34.37%. During the same quarter last year, the company earned $4.17 earnings per share. Equities research analysts predict that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $1.00 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.19%. Carlisle Companies’s payout ratio is currently 14.48%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several research analyst reports. Loop Capital lowered their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a report on Friday, January 10th. Truist Financial started coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target 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 note on Friday, December 20th. Finally, The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $476.00.

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.