Procyon Advisors LLC Acquires 324 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Procyon Advisors LLC raised its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,947 shares of the conglomerate’s stock after acquiring an additional 324 shares during the period. Procyon Advisors LLC’s holdings in Carlisle Companies were worth $921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new position in Carlisle Companies in the fourth quarter valued at about $29,000. Artemis Wealth Advisors LLC bought a new position in Carlisle Companies in the second quarter valued at about $42,000. Signaturefd LLC grew its position in Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 44 shares during the last quarter. RVW Wealth LLC bought a new position in Carlisle Companies in the third quarter valued at about $52,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Carlisle Companies during the second quarter worth about $103,000. Institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In related news, 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 directly owns 2,834 shares in the company, valued at approximately $959,422.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Lori A. Snyder sold 8,101 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the completion of the sale, the insider now directly owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $959,422.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock worth $5,231,360 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Carlisle Companies Trading Up 0.7 %

Shares of Carlisle Companies stock traded up $2.57 on Thursday, reaching $391.19. 17,626 shares of the company’s stock were exchanged, compared to its average volume of 273,058. The company has a market capitalization of $18.70 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.92. Carlisle Companies Incorporated has a 52 week low of $203.65 and a 52 week high of $393.43. The firm’s 50-day moving average is $345.76 and its two-hundred day moving average is $301.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.70. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.92 EPS. Sell-side analysts predict that Carlisle Companies Incorporated will post 18.51 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Thursday, February 15th. 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.