Tennessee Valley Asset Management Partners Invests $40,000 in Carlisle Companies Incorporated (NYSE:CSL)

Tennessee Valley Asset Management Partners bought a new position in shares of Carlisle Companies Incorporated (NYSE:CSL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 127 shares of the conglomerate’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also modified their holdings of CSL. National Bank of Canada FI grew its stake in Carlisle Companies by 47.2% during the 3rd quarter. National Bank of Canada FI now owns 5,967 shares of the conglomerate’s stock valued at $1,495,000 after acquiring an additional 1,913 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Carlisle Companies by 133.8% in the 3rd quarter. AE Wealth Management LLC now owns 4,096 shares of the conglomerate’s stock valued at $1,062,000 after buying an additional 2,344 shares during the period. SG Americas Securities LLC grew its stake in shares of Carlisle Companies by 14.9% in the 3rd quarter. SG Americas Securities LLC now owns 6,612 shares of the conglomerate’s stock valued at $1,714,000 after buying an additional 856 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Carlisle Companies by 1.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 5,804 shares of the conglomerate’s stock valued at $1,505,000 after buying an additional 100 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in shares of Carlisle Companies in the 3rd quarter valued at approximately $261,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Activity

In other news, CEO D Christian Koch sold 6,454 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now owns 86,652 shares of the company’s stock, valued at $30,114,169.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the transaction, the insider now owns 5,212 shares of the company’s stock, valued at $1,770,203.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO D Christian Koch sold 6,454 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the transaction, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,255 shares of company stock valued at $5,231,360. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Carlisle Companies in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $455.00 price target for the company. Oppenheimer increased their price target on shares of Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Loop Capital upped their price objective on shares of Carlisle Companies from $375.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, April 1st. StockNews.com upgraded shares of Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird upped their price objective on shares of Carlisle Companies from $400.00 to $435.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $390.33.

Carlisle Companies Trading Up 2.5 %

CSL opened at $379.56 on Wednesday. The business has a fifty day moving average price of $369.39 and a 200 day moving average price of $318.34. 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 stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.31 and a beta of 0.93. Carlisle Companies Incorporated has a 12 month low of $205.10 and a 12 month high of $403.44.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.92 earnings per share. Sell-side analysts expect that Carlisle Companies Incorporated will post 18.72 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s payout ratio is currently 22.31%.

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.