Moran Wealth Management LLC Lowers Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Moran Wealth Management LLC lowered its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,096 shares of the conglomerate’s stock after selling 1,116 shares during the period. Moran Wealth Management LLC’s holdings in Carlisle Companies were worth $13,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Carlisle Companies during the 3rd quarter worth about $25,000. True Wealth Design LLC lifted its position in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the period. Quarry LP boosted its stake in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. UMB Bank n.a. increased its holdings in Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after buying an additional 67 shares during the period. Finally, Covestor Ltd raised its stake in Carlisle Companies by 19.3% in the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after buying an additional 32 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital dropped their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report 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 report on Friday, December 20th. Finally, Truist Financial assumed coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $476.00.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares in the company, valued at $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Up 0.5 %

Shares of CSL stock opened at $336.08 on Monday. The stock’s fifty day moving average price is $365.97 and its 200 day moving average price is $408.87. Carlisle Companies Incorporated has a 1-year low of $321.93 and a 1-year high of $481.26. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29.

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, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the business earned $4.17 EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal 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 paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.19%. Carlisle Companies’s payout ratio is 14.48%.

Carlisle Companies 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.