Chesley Taft & Associates LLC Buys 75 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Chesley Taft & Associates LLC boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,776 shares of the conglomerate’s stock after acquiring an additional 75 shares during the period. Chesley Taft & Associates LLC’s holdings in Carlisle Companies were worth $1,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its stake in shares of Carlisle Companies by 22.5% in the 2nd quarter. Hsbc Holdings PLC now owns 14,520 shares of the conglomerate’s stock valued at $5,893,000 after purchasing an additional 2,668 shares during the period. Evergreen Capital Management LLC acquired a new position in Carlisle Companies in the second quarter valued at approximately $385,000. Marshall Wace LLP bought a new position in shares of Carlisle Companies during the 2nd quarter worth approximately $254,000. Point72 DIFC Ltd acquired a new stake in shares of Carlisle Companies during the 2nd quarter worth approximately $1,802,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Carlisle Companies by 57.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,157 shares of the conglomerate’s stock valued at $3,711,000 after acquiring an additional 3,343 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer restated 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 on the stock in a report on Friday, October 25th. 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. Finally, Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Insider Activity

In related news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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 approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Carlisle Companies Trading Up 2.2 %

Shares of Carlisle Companies stock opened at $408.62 on Wednesday. The company has a market capitalization of $18.52 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.96. The stock has a fifty day simple moving average of $409.49 and a 200 day simple moving average of $420.56. Carlisle Companies Incorporated has a 12-month low of $302.08 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 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). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $4.68 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.98%. Carlisle Companies’s payout ratio is presently 14.15%.

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.