Cerity Partners LLC Invests $899,000 in Carlisle Companies Incorporated (NYSE:CSL)

Cerity Partners LLC bought a new position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,877 shares of the conglomerate's stock, valued at approximately $899,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Carlisle Companies by 88.9% in the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate's stock worth $27,000 after acquiring an additional 40 shares during the period. Signaturefd LLC lifted its stake in Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate's stock worth $51,000 after acquiring an additional 44 shares during the period. Mendota Financial Group LLC purchased a new stake in Carlisle Companies in the fourth quarter worth $53,000. Tobam purchased a new stake in Carlisle Companies in the fourth quarter worth $59,000. Finally, Arlington Trust Co LLC purchased a new stake in Carlisle Companies in the fourth quarter worth $122,000. Institutional investors own 89.52% of the company's stock.

Carlisle Companies Stock Up 2.5 %

Carlisle Companies stock traded up $9.27 during trading hours on Tuesday, hitting $379.56. The stock had a trading volume of 195,240 shares, compared to its average volume of 270,977. The company has a quick ratio of 2.57, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $18.14 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. Carlisle Companies Incorporated has a 12-month low of $205.10 and a 12-month high of $403.44. The stock's 50-day moving average price is $369.39 and its 200-day moving average price is $318.34.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.70. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.92 earnings per share. Equities research analysts anticipate that Carlisle Companies Incorporated will post 18.72 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.85 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.90%. Carlisle Companies's dividend payout ratio (DPR) is presently 22.31%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CSL. Loop Capital raised their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. The Goldman Sachs Group started coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They set a "buy" rating and a $455.00 price objective for the company. StockNews.com raised Carlisle Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, February 7th. Oppenheimer raised their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an "outperform" rating in a research report on Thursday, April 18th. Finally, Robert W. Baird raised their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an "outperform" rating in a research report on Tuesday, April 9th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $390.33.

Insiders Place Their Bets

In other news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP David W. Smith sold 700 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Snyder sold 8,101 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now owns 5,212 shares of the company's stock, valued at $1,770,203.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,255 shares of company stock valued at $5,231,360. Insiders own 1.50% of the company's stock.

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.