Carlisle Companies Incorporated (NYSE:CSL) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,291 shares of the conglomerate’s stock after buying an additional 116 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Carlisle Companies were worth $3,058,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Carlisle Companies during the 4th quarter worth about $208,095,000. Wells Fargo & Company MN raised its holdings in Carlisle Companies by 692.1% during the fourth quarter. Wells Fargo & Company MN now owns 616,873 shares of the conglomerate’s stock worth $227,527,000 after purchasing an additional 538,990 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Carlisle Companies during the 4th quarter worth approximately $148,208,000. Inlight Wealth Management LLC acquired a new position in shares of Carlisle Companies in the 4th quarter valued at $118,038,000. Finally, TOMS Capital Investment Management LP purchased a new position in shares of Carlisle Companies in the 4th quarter valued at $54,219,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares of the company’s stock, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSL. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Truist Financial reduced their price objective on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group cut their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird increased their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of “Moderate Buy” and an average target price of $454.00.

Carlisle Companies Price Performance

Carlisle Companies stock opened at $386.77 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. The business has a 50 day simple moving average of $347.78 and a 200-day simple moving average of $383.35. Carlisle Companies Incorporated has a 12 month low of $311.41 and a 12 month high of $481.26. The stock has a market capitalization of $16.73 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.07.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.72 earnings per share. Equities analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Carlisle Companies’s dividend payout ratio (DPR) is 14.89%.

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.