Brown Brothers Harriman & Co. Reduces Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Brown Brothers Harriman & Co. lowered its stake in Carlisle Companies Incorporated (NYSE:CSL) by 4.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 167,029 shares of the conglomerate’s stock after selling 8,308 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.37% of Carlisle Companies worth $75,121,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the third quarter valued at $25,000. ORG Partners LLC acquired a new position in Carlisle Companies in the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Carlisle Companies in the 2nd quarter valued at about $32,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter worth about $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Carlisle Companies during the second quarter worth about $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of the 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 sale, the vice president now owns 2,834 shares of the company’s stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on CSL. StockNews.com downgraded shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target on the stock. Oppenheimer lifted their price objective on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $472.00.

Carlisle Companies Stock Up 1.8 %

Shares of CSL opened at $449.65 on Monday. The firm has a market cap of $20.38 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.48 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average is $446.26 and its two-hundred day moving average is $424.06. Carlisle Companies Incorporated has a fifty-two week low of $272.15 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $4.68 EPS. Analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.89%. Carlisle Companies’s payout ratio is 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.