Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC increased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,237 shares of the conglomerate’s stock after purchasing an additional 83 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Carlisle Companies were worth $554,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. TD Asset Management Inc raised its stake in shares of Carlisle Companies by 2,073.5% during the 2nd quarter. TD Asset Management Inc now owns 281,643 shares of the conglomerate’s stock valued at $114,125,000 after buying an additional 268,685 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in Carlisle Companies during the second quarter worth about $65,041,000. Swedbank AB purchased a new position in Carlisle Companies during the first quarter valued at approximately $31,218,000. Shellback Capital LP lifted its holdings in Carlisle Companies by 451.9% in the second quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock valued at $32,465,000 after acquiring an additional 65,600 shares during the period. Finally, Natixis Advisors LLC boosted its position in Carlisle Companies by 109.0% in the 2nd quarter. Natixis Advisors LLC now owns 123,390 shares of the conglomerate’s stock worth $49,999,000 after purchasing an additional 64,351 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

CSL has been the subject of several recent research reports. Oppenheimer lifted their target price on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Truist Financial started coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Robert W. Baird reduced their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $472.00.

Carlisle Companies Stock Up 1.8 %

Shares of NYSE CSL opened at $449.65 on Friday. Carlisle Companies Incorporated has a 52-week low of $272.15 and a 52-week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company’s 50-day simple moving average is $446.26 and its 200-day simple moving average is $423.95. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.68 earnings per share. Equities analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.89%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

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.