LifeGuide Financial Advisors LLC Reduces Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

LifeGuide Financial Advisors LLC trimmed its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,455 shares of the conglomerate’s stock after selling 87 shares during the period. Carlisle Companies accounts for about 0.3% of LifeGuide Financial Advisors LLC’s holdings, making the stock its 27th largest holding. LifeGuide Financial Advisors LLC’s holdings in Carlisle Companies were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP increased its position in shares of Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 40 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Carlisle Companies in the fourth quarter valued at approximately $31,000. Principal Securities Inc. acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC grew its position in shares of Carlisle Companies by 564.7% during the first quarter. Sound Income Strategies LLC now owns 113 shares of the conglomerate’s stock worth $44,000 after acquiring an additional 96 shares during the last quarter. Finally, Rise Advisors LLC acquired a new position in shares of Carlisle Companies in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Oppenheimer lifted their price objective on shares of Carlisle Companies from $412.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Robert W. Baird raised their price objective on shares of Carlisle Companies from $435.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Loop Capital increased their target price on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group assumed coverage on Carlisle Companies in a report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus price target of $416.00.

Carlisle Companies Price Performance

Shares of Carlisle Companies stock traded down $6.34 on Monday, hitting $398.87. The company’s stock had a trading volume of 155,675 shares, compared to its average volume of 316,253. The company has a quick ratio of 2.61, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $409.74 and a 200-day moving average price of $366.43. Carlisle Companies Incorporated has a 52-week low of $235.79 and a 52-week high of $430.21. The company has a market capitalization of $18.99 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $3.72 EPS for the quarter, beating the consensus estimate of $2.74 by $0.98. Carlisle Companies had a net margin of 17.13% and a return on equity of 30.41%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $993.06 million. On average, equities research analysts expect that Carlisle Companies Incorporated will post 19.93 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $0.85 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.40 annualized dividend and a dividend yield of 0.85%. Carlisle Companies’s dividend payout ratio is currently 19.71%.

Insider Buying and Selling

In other news, CEO D Christian Koch sold 54,927 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $36,399,039.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Carlisle Companies news, CEO D Christian Koch sold 54,927 shares of Carlisle Companies stock in a transaction on 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 transaction, the chief executive officer now owns 86,652 shares in the company, valued at approximately $36,399,039.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 2,037 shares of Carlisle Companies stock in a transaction on Monday, May 6th. The shares were sold at an average price of $405.58, for a total value of $826,166.46. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,059 shares of company stock worth $24,334,065. 1.50% of the stock is owned by corporate insiders.

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.