Lifestyle Asset Management Inc. Acquires 105 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Lifestyle Asset Management Inc. grew its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,355 shares of the conglomerate’s stock after acquiring an additional 105 shares during the period. Lifestyle Asset Management Inc.’s holdings in Carlisle Companies were worth $869,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CSL. Franklin Resources Inc. grew its holdings in Carlisle Companies by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock valued at $566,061,000 after buying an additional 16,303 shares in the last quarter. FMR LLC increased its holdings in Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares during the period. Geode Capital Management LLC lifted its stake in Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after purchasing an additional 102,436 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Carlisle Companies by 14.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock valued at $152,170,000 after purchasing an additional 41,766 shares during the period. Finally, Truist Financial Corp grew its position in shares of Carlisle Companies by 0.8% during the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock valued at $135,438,000 after purchasing an additional 2,545 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock opened at $405.68 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 52-week low of $302.08 and a 52-week high of $481.26. The company has a fifty day moving average of $407.55 and a 200-day moving average of $420.33. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $4.68 earnings per share. Equities research analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.99%. Carlisle Companies’s payout ratio is currently 14.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CSL shares. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Loop Capital decreased their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Truist Financial began coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Robert W. Baird lowered their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Insider Activity

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

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.