594 Shares in Carlisle Companies Incorporated (NYSE:CSL) Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC purchased a new position in Carlisle Companies Incorporated (NYSE:CSL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 594 shares of the conglomerate’s stock, valued at approximately $233,000.

Several other large investors also recently bought and sold shares of CSL. Morgan Stanley boosted its stake in Carlisle Companies by 3.6% during the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock worth $668,430,000 after buying an additional 90,597 shares during the period. Norges Bank purchased a new position in Carlisle Companies during the fourth quarter worth $159,187,000. Pacer Advisors Inc. boosted its stake in Carlisle Companies by 5,351.1% during the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock worth $131,665,000 after buying an additional 413,691 shares during the period. Madison Asset Management LLC boosted its stake in Carlisle Companies by 2.9% during the fourth quarter. Madison Asset Management LLC now owns 401,528 shares of the conglomerate’s stock worth $125,449,000 after buying an additional 11,464 shares during the period. Finally, Truist Financial Corp boosted its stake in Carlisle Companies by 2.6% during the fourth quarter. Truist Financial Corp now owns 321,222 shares of the conglomerate’s stock worth $100,359,000 after buying an additional 8,195 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CSL. The Goldman Sachs Group began coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective for the company. Oppenheimer lifted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Robert W. Baird boosted their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Loop Capital boosted their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $416.00.

Carlisle Companies Trading Down 1.5 %

Shares of CSL traded down $6.02 during trading hours on Friday, reaching $405.21. 1,031,977 shares of the company traded hands, compared to its average volume of 317,547. The firm has a market cap of $19.29 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.38 and a beta of 0.91. Carlisle Companies Incorporated has a 12-month low of $235.79 and a 12-month high of $430.21. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average price is $409.00 and its 200 day moving average price is $364.70.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $993.06 million. Sell-side analysts forecast that Carlisle Companies Incorporated will post 19.93 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, May 17th. Carlisle Companies’s dividend payout ratio (DPR) is presently 19.71%.

Insider Buying and Selling

In related news, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO D Christian Koch sold 54,927 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $420.06, for a total value of $23,072,635.62. Following the completion of the sale, the chief executive officer now directly owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David W. Smith sold 2,037 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $405.58, for a total transaction of $826,166.46. Following the completion of the sale, the vice president now directly owns 2,834 shares of the company’s stock, valued at $1,149,413.72. The disclosure for this sale can be found here. Insiders sold a total of 58,059 shares of company stock valued at $24,334,065 over the last three months. 1.50% of the stock is owned by company insiders.

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.