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

Mercer Global Advisors Inc. ADV grew its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,291 shares of the conglomerate’s stock after purchasing 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.

Several other hedge funds have also made changes to their positions in CSL. Diversify Advisory Services LLC lifted its position in Carlisle Companies by 1.7% during the fourth quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock worth $586,000 after buying an additional 26 shares during the period. GeoWealth Management LLC lifted its holdings in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after acquiring an additional 29 shares during the period. CIBC Private Wealth Group LLC increased its position in Carlisle Companies by 2.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after purchasing an additional 38 shares during the last quarter. Metis Global Partners LLC raised its stake in Carlisle Companies by 6.4% during the fourth quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 39 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Carlisle Companies by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate’s stock valued at $1,527,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of NYSE:CSL opened at $386.77 on Wednesday. The business’s 50-day simple moving average is $347.78 and its 200 day simple moving average is $383.35. The company has a market cap of $16.73 billion, a P/E ratio of 14.00, a PEG ratio of 1.03 and a beta of 1.07. 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 one year low of $311.41 and a one year high of $481.26.

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

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. Carlisle Companies’s dividend payout ratio is presently 14.89%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CSL shares. Robert W. Baird increased their target price on Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Truist Financial dropped their target price 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, April 24th. Loop Capital reduced 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 report on Friday, January 10th. Finally, The Goldman Sachs Group decreased their price objective 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus price target of $454.00.

Insider Buying and Selling

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