Marks Group Wealth Management Inc Sells 163 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Marks Group Wealth Management Inc decreased its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,211 shares of the conglomerate’s stock after selling 163 shares during the quarter. Carlisle Companies makes up approximately 0.9% of Marks Group Wealth Management Inc’s portfolio, making the stock its 28th largest position. Marks Group Wealth Management Inc’s holdings in Carlisle Companies were worth $7,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its position in Carlisle Companies by 88.9% during the fourth quarter. Allworth Financial LP now owns 85 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 40 shares during the period. Tennessee Valley Asset Management Partners bought a new position in shares of Carlisle Companies during the fourth quarter worth approximately $40,000. Signaturefd LLC raised its position in shares of Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock valued at $51,000 after buying an additional 44 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $53,000. Finally, Tobam bought a new stake in shares of Carlisle Companies in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CSL shares. Oppenheimer raised their price objective on Carlisle Companies from $405.00 to $412.00 and gave the stock an “outperform” rating in a research note on Thursday. Loop Capital raised their price target on Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. StockNews.com raised Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group initiated coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They set a “buy” rating and a $455.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on shares of Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $390.33.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $339.64, for a total value of $2,751,423.64. Following the completion of the transaction, the insider now owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Carlisle Companies news, insider Lori A. Snyder sold 8,101 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now directly owns 5,212 shares of the company’s stock, valued at approximately $1,770,203.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David W. Smith sold 700 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the completion of the transaction, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The disclosure for this sale can be found here. Insiders have sold a total of 15,255 shares of company stock valued at $5,231,360 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Price Performance

NYSE:CSL traded up $3.21 during trading hours on Monday, hitting $370.62. The company’s stock had a trading volume of 166,275 shares, compared to its average volume of 271,962. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The company has a market capitalization of $17.72 billion, a P/E ratio of 24.32, a PEG ratio of 1.31 and a beta of 0.93. Carlisle Companies Incorporated has a twelve month low of $205.10 and a twelve month high of $403.44. The stock has a fifty day simple moving average of $368.69 and a 200-day simple moving average of $317.51.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 28.31%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $3.92 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 18.72 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, February 15th. Carlisle Companies’s payout ratio is 22.31%.

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.