SVB Wealth LLC Takes Position in Carlisle Companies Incorporated (NYSE:CSL)

SVB Wealth LLC bought a new stake 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 fund bought 655 shares of the conglomerate’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley raised its stake in Carlisle Companies by 3.6% during the 3rd quarter. Morgan Stanley now owns 2,578,221 shares of the conglomerate’s stock valued at $668,430,000 after acquiring an additional 90,597 shares during the last quarter. FMR LLC raised its stake in Carlisle Companies by 1.5% during the 3rd quarter. FMR LLC now owns 829,655 shares of the conglomerate’s stock valued at $215,096,000 after acquiring an additional 12,552 shares during the last quarter. Pacer Advisors Inc. raised its stake in Carlisle Companies by 5,351.1% during the 4th quarter. Pacer Advisors Inc. now owns 421,422 shares of the conglomerate’s stock valued at $131,665,000 after acquiring an additional 413,691 shares during the last quarter. Platinum Investment Management Ltd. raised its stake in Carlisle Companies by 13.8% during the 3rd quarter. Platinum Investment Management Ltd. now owns 323,490 shares of the conglomerate’s stock valued at $83,868,000 after acquiring an additional 39,227 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Carlisle Companies by 4.6% during the 3rd quarter. Truist Financial Corp now owns 313,027 shares of the conglomerate’s stock valued at $81,155,000 after acquiring an additional 13,673 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction on Thursday, February 8th. The stock was 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 in the company, valued at approximately $1,770,203.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Carlisle Companies news, CEO D Christian Koch sold 6,454 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at approximately $30,114,169.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lori A. Snyder sold 8,101 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the transaction, the insider now directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,255 shares of company stock worth $5,231,360. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 target price for the company. Oppenheimer increased their target price on Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Robert W. Baird increased their target price on Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. 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, StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $390.33.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $379.56 on Wednesday. The business’s fifty day moving average price is $369.39 and its two-hundred day moving average price is $318.34. The stock has a market cap of $18.14 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.57 and a current ratio of 2.87. Carlisle Companies Incorporated has a one year low of $205.10 and a one year high of $403.44.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. Carlisle Companies’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.92 EPS. On average, analysts forecast that Carlisle Companies Incorporated will post 18.72 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

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

Carlisle Companies 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.