Diversify Advisory Services LLC Invests $605,000 in Carlisle Companies Incorporated (NYSE:CSL)

Diversify Advisory Services LLC bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,537 shares of the conglomerate’s stock, valued at approximately $605,000.

A number of other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Carlisle Companies in the fourth quarter valued at approximately $159,187,000. Pacer Advisors Inc. lifted its holdings in Carlisle Companies by 5,351.1% in the fourth quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after buying an additional 413,691 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Carlisle Companies by 666.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 227,949 shares of the conglomerate’s stock valued at $71,218,000 after buying an additional 198,191 shares during the period. Wellington Management Group LLP lifted its holdings in Carlisle Companies by 1,074.0% in the fourth quarter. Wellington Management Group LLP now owns 152,001 shares of the conglomerate’s stock valued at $47,490,000 after buying an additional 139,054 shares during the period. Finally, Morgan Stanley lifted its holdings in Carlisle Companies by 3.6% in the third quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after buying an additional 90,597 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carlisle Companies

In related news, CEO D Christian Koch sold 54,927 shares of the firm’s 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 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 legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO D Christian Koch sold 54,927 shares of the firm’s 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 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 legal filing with the SEC, which can be accessed through the SEC website. Also, VP David W. Smith sold 2,037 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $405.58, for a total transaction of $826,166.46. Following the completion of the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,149,413.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,059 shares of company stock valued at $24,334,065. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Loop Capital increased their target price on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Robert W. Baird increased their target price on shares of Carlisle Companies from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a report on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 target price on the stock. Finally, Oppenheimer increased their target price on shares of Carlisle Companies from $412.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. One equities 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. Based on data from MarketBeat.com, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus target price of $416.00.

Carlisle Companies Stock Down 0.5 %

Shares of CSL stock traded down $1.90 during trading hours on Friday, hitting $406.95. 217,498 shares of the company were exchanged, compared to its average volume of 417,843. The business has a 50 day moving average of $412.13 and a two-hundred day moving average of $368.90. The company has a current ratio of 2.95, a quick ratio of 2.61 and a debt-to-equity ratio of 0.66. 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 $19.37 billion, a PE ratio of 23.58, a PEG ratio of 1.37 and a beta of 0.90.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $3.72 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $993.06 million. Analysts anticipate that Carlisle Companies Incorporated will post 19.93 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

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

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.