First Trust Advisors LP Has $41.10 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

First Trust Advisors LP increased its position in Carlisle Companies Incorporated (NYSE:CSL) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,436 shares of the conglomerate’s stock after buying an additional 15,709 shares during the quarter. First Trust Advisors LP’s holdings in Carlisle Companies were worth $41,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CSL. Norges Bank bought a new stake in shares of Carlisle Companies in the 4th quarter valued at about $208,095,000. Wells Fargo & Company MN boosted its holdings in Carlisle Companies by 692.1% in the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock valued at $227,527,000 after acquiring an additional 538,990 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in Carlisle Companies during the 4th quarter valued at approximately $148,208,000. Inlight Wealth Management LLC bought a new position in Carlisle Companies during the 4th quarter worth approximately $118,038,000. Finally, AustralianSuper Pty Ltd lifted its position in shares of Carlisle Companies by 732.1% in the 4th quarter. AustralianSuper Pty Ltd now owns 142,856 shares of the conglomerate’s stock worth $52,691,000 after purchasing an additional 125,687 shares during the period. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Trading Up 5.9 %

Shares of Carlisle Companies stock opened at $381.21 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The stock has a 50 day moving average price of $341.34 and a two-hundred day moving average price of $388.74. The stock has a market capitalization of $16.83 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.03 and a beta of 0.94.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.05%. Carlisle Companies’s payout ratio is 14.89%.

Wall Street Analysts Forecast Growth

CSL has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Loop Capital lowered their price objective on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Robert W. Baird boosted their price target on Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Truist Financial reduced their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $454.00.

Insider Buying and Selling at Carlisle Companies

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now owns 815 shares of the company’s stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The disclosure for this sale can be found here. Company 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.