Alley Investment Management Company LLC Has $6 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Alley Investment Management Company LLC raised its stake in Carlisle Companies Incorporated (NYSE:CSL) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,263 shares of the conglomerate’s stock after buying an additional 414 shares during the quarter. Alley Investment Management Company LLC’s holdings in Carlisle Companies were worth $5,998,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pensionfund Sabic acquired a new position in Carlisle Companies in the 4th quarter valued at approximately $1,291,000. KBC Group NV increased its stake in Carlisle Companies by 34.9% in the 3rd quarter. KBC Group NV now owns 10,646 shares of the conglomerate’s stock valued at $4,788,000 after buying an additional 2,752 shares during the period. Geode Capital Management LLC increased 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 valued at $391,827,000 after buying an additional 102,436 shares during the period. Quest Partners LLC increased its stake in Carlisle Companies by 624.8% in the 3rd quarter. Quest Partners LLC now owns 4,646 shares of the conglomerate’s stock valued at $2,090,000 after buying an additional 4,005 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in shares of Carlisle Companies during the 3rd quarter worth $631,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CSL shares. The Goldman Sachs Group dropped their price target 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. Loop Capital dropped their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Oppenheimer restated an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Buying and Selling at Carlisle Companies

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

Carlisle Companies Stock Performance

NYSE:CSL opened at $332.65 on Tuesday. Carlisle Companies Incorporated has a 1 year low of $330.65 and a 1 year high of $481.26. The firm’s fifty day simple moving average is $369.36 and its 200 day simple moving average is $410.94. The company has a current ratio of 2.89, a quick ratio of 2.29 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $14.82 billion, a PE ratio of 12.04, a PEG ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $4.17 earnings per share. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.48%.

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.