Bartlett & CO. Wealth Management LLC Invests $149,000 in Carlisle Companies Incorporated (NYSE:CSL)

Bartlett & CO. Wealth Management LLC acquired a new position in Carlisle Companies Incorporated (NYSE:CSL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 404 shares of the conglomerate’s stock, valued at approximately $149,000.

Several other hedge funds have also recently made changes to their positions in CSL. FMR LLC raised its position in shares of Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after acquiring an additional 176,799 shares in the last quarter. Holocene Advisors LP raised its position in shares of Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock worth $79,594,000 after acquiring an additional 106,539 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock worth $391,827,000 after acquiring an additional 102,436 shares in the last quarter. Finally, Shellback Capital LP raised its position in shares of Carlisle Companies by 451.9% in the 2nd quarter. Shellback Capital LP now owns 80,118 shares of the conglomerate’s stock worth $32,465,000 after acquiring an additional 65,600 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This trade represents a 8.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Carlisle Companies Price Performance

CSL stock opened at $403.03 on Friday. The company has a market capitalization of $18.27 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a 52-week low of $302.44 and a 52-week high of $481.26. The business has a 50-day simple moving average of $406.70 and a two-hundred day simple moving average of $420.28.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.68 EPS. Research analysts expect that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.15%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective for the company. Loop Capital reduced their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer restated an “outperform” rating and issued a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, The Goldman Sachs Group reduced their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

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.