Marks Group Wealth Management Inc Lowers Stake in Carlisle Companies Incorporated (NYSE:CSL)

Marks Group Wealth Management Inc cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,974 shares of the conglomerate’s stock after selling 643 shares during the period. Marks Group Wealth Management Inc’s holdings in Carlisle Companies were worth $7,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CWM LLC grew its holdings in Carlisle Companies by 41.4% in the third quarter. CWM LLC now owns 3,508 shares of the conglomerate’s stock valued at $1,578,000 after purchasing an additional 1,027 shares during the period. UMB Bank n.a. lifted its position in shares of Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Carlisle Companies by 32.3% in the 3rd quarter. Ritholtz Wealth Management now owns 1,154 shares of the conglomerate’s stock worth $519,000 after acquiring an additional 282 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the 3rd quarter worth $32,000. Finally, Cornerstone Wealth Management LLC raised its position in Carlisle Companies by 15.6% during the third quarter. Cornerstone Wealth Management LLC now owns 1,745 shares of the conglomerate’s stock worth $785,000 after acquiring an additional 235 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction on Saturday, February 8th. The stock was 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 $285,681.95. This trade represents a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David W. Smith sold 275 shares of the company’s 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 completion of the transaction, the vice president now directly owns 2,834 shares in the company, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,475 shares of company stock valued at $541,219. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Stock Up 0.9 %

CSL stock opened at $357.59 on Wednesday. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.04 and a beta of 0.96. The firm has a 50-day moving average of $388.30 and a two-hundred day moving average of $416.04. Carlisle Companies Incorporated has a 12 month low of $338.52 and a 12 month high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.14% and a net margin of 26.22%. During the same period in the previous year, the firm earned $4.17 earnings per share. As a group, analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.12%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

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.