Inspire Advisors LLC Grows Position in Carlisle Companies Incorporated (NYSE:CSL)

Inspire Advisors LLC raised its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,418 shares of the conglomerate’s stock after buying an additional 69 shares during the quarter. Inspire Advisors LLC’s holdings in Carlisle Companies were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CSL. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies during the 3rd quarter valued at approximately $25,000. Verdence Capital Advisors LLC acquired a new stake in Carlisle Companies during the 3rd quarter valued at approximately $319,000. Atria Investments Inc lifted its stake in Carlisle Companies by 12.6% during the 3rd quarter. Atria Investments Inc now owns 2,113 shares of the conglomerate’s stock valued at $950,000 after acquiring an additional 237 shares during the period. Covestor Ltd lifted its stake in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock valued at $89,000 after acquiring an additional 32 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in Carlisle Companies during the 3rd quarter valued at approximately $255,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

NYSE:CSL opened at $336.26 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a fifty day moving average of $365.32 and a two-hundred day moving average of $408.35. The stock has a market capitalization of $14.98 billion, a PE ratio of 12.17, a P/E/G ratio of 1.03 and a beta of 0.99. Carlisle Companies Incorporated has a fifty-two week low of $321.93 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $4.17 earnings per share. As a group, research analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Insiders Place Their Bets

In other news, VP Mehul Patel sold 150 shares of the company’s stock in a transaction on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares of the company’s stock, valued at $285,681.95. This represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, 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 position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on CSL shares. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Loop Capital decreased their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.