Traynor Capital Management Inc. Increases Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Traynor Capital Management Inc. boosted its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,639 shares of the conglomerate’s stock after buying an additional 377 shares during the period. Traynor Capital Management Inc.’s holdings in Carlisle Companies were worth $2,080,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies in the 3rd quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in Carlisle Companies in the third quarter worth about $32,000. True Wealth Design LLC lifted its stake in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares during the period. Finally, Quarry LP grew its stake in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CSL has been the subject of a number of recent analyst reports. Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective for the company. Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. The Goldman Sachs Group decreased their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Robert W. Baird dropped their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies Price Performance

Shares of CSL opened at $402.46 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company has a 50 day moving average price of $408.45 and a 200-day moving average price of $420.43. Carlisle Companies Incorporated has a fifty-two week low of $302.08 and a fifty-two week high of $481.26. The stock has a market capitalization of $18.24 billion, a PE ratio of 14.24, a PEG ratio of 1.21 and a beta of 0.96.

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

Carlisle Companies Dividend Announcement

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

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.