MorganRosel Wealth Management LLC Purchases New Shares in Carlisle Companies Incorporated (NYSE:CSL)

MorganRosel Wealth Management LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 2,781 shares of the conglomerate’s stock, valued at approximately $1,251,000.

A number of other large investors have also recently modified their holdings of CSL. CANADA LIFE ASSURANCE Co boosted its stake in Carlisle Companies by 7.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock worth $26,631,000 after acquiring an additional 4,692 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Carlisle Companies by 51.2% during the first quarter. Daiwa Securities Group Inc. now owns 13,045 shares of the conglomerate’s stock valued at $5,112,000 after purchasing an additional 4,415 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Carlisle Companies by 1,074.0% in the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock worth $47,490,000 after purchasing an additional 139,054 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Carlisle Companies by 887.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,891 shares of the conglomerate’s stock worth $5,443,000 after purchasing an additional 12,484 shares during the last quarter. Finally, Silver Lake Advisory LLC purchased a new stake in Carlisle Companies during the 2nd quarter valued at $608,000. Institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 600 shares of Carlisle Companies stock in a transaction on Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,206,037.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Carlisle Companies news, VP David W. Smith sold 600 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $425.56, for a total value of $255,336.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,206,037.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin P. Zdimal sold 21,470 shares of Carlisle Companies stock in a transaction on Friday, July 26th. The stock was sold at an average price of $425.29, for a total transaction of $9,130,976.30. Following the sale, the chief financial officer now directly owns 35,641 shares of the company’s stock, valued at approximately $15,157,760.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL opened at $470.25 on Friday. The firm has a market capitalization of $21.74 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company’s fifty day moving average price is $420.05 and its 200-day moving average price is $411.41. Carlisle Companies Incorporated has a 1-year low of $235.79 and a 1-year high of $471.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.89 and a quick ratio of 2.50.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Wednesday, July 24th. The conglomerate reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.84 by $0.40. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a return on equity of 31.65% and a net margin of 27.88%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.18 EPS. On average, equities research analysts predict that Carlisle Companies Incorporated will post 20.57 EPS for the current year.

Carlisle Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $1.00 dividend. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.00 annualized dividend and a dividend yield of 0.85%. Carlisle Companies’s dividend payout ratio is 14.13%.

Analyst Ratings Changes

CSL has been the subject of a number of recent research reports. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Robert W. Baird upped their price target on Carlisle Companies from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Oppenheimer reissued an “outperform” rating and issued a $480.00 target price (up previously from $475.00) on shares of Carlisle Companies in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $468.75.

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.