Running Oak Capital LLC Has $12.42 Million Position in Carlisle Companies Incorporated (NYSE:CSL)

Running Oak Capital LLC increased its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,676 shares of the conglomerate’s stock after purchasing an additional 1,774 shares during the period. Running Oak Capital LLC owned approximately 0.07% of Carlisle Companies worth $12,421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tributary Capital Management LLC increased its position in Carlisle Companies by 46.7% in the 4th quarter. Tributary Capital Management LLC now owns 3,337 shares of the conglomerate’s stock worth $1,231,000 after buying an additional 1,062 shares during the period. Impact Partnership Wealth LLC grew its stake in shares of Carlisle Companies by 19.2% in the fourth quarter. Impact Partnership Wealth LLC now owns 967 shares of the conglomerate’s stock worth $357,000 after acquiring an additional 156 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in Carlisle Companies by 3.2% during the fourth quarter. Cornerstone Wealth Management LLC now owns 1,800 shares of the conglomerate’s stock worth $664,000 after acquiring an additional 55 shares during the period. Lifestyle Asset Management Inc. raised its stake in Carlisle Companies by 4.7% during the 4th quarter. Lifestyle Asset Management Inc. now owns 2,355 shares of the conglomerate’s stock valued at $869,000 after purchasing an additional 105 shares during the last quarter. Finally, Mutual Advisors LLC boosted its holdings in Carlisle Companies by 12.2% in the 4th quarter. Mutual Advisors LLC now owns 854 shares of the conglomerate’s stock valued at $338,000 after purchasing an additional 93 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of CSL stock opened at $403.03 on Friday. The stock’s fifty day simple moving average is $406.70 and its 200 day simple moving average is $420.38. Carlisle Companies Incorporated has a one year low of $302.44 and a one year high of $481.26. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 1.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

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

Carlisle Companies Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.99%. Carlisle Companies’s dividend payout ratio is 14.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CSL. Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 price objective on the stock. The Goldman Sachs Group cut their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Oppenheimer reissued an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Robert W. Baird cut 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. Finally, Loop Capital decreased their price target on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock 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’s stock. Based on data from MarketBeat, Carlisle Companies has a consensus rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Transactions at Carlisle Companies

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

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.