Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Cynosure Group LLC

Cynosure Group LLC lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 837 shares of the conglomerate’s stock after selling 75 shares during the period. Cynosure Group LLC’s holdings in Carlisle Companies were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Carlisle Companies by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock worth $17,391,000 after buying an additional 1,429 shares during the last quarter. Tidal Investments LLC boosted its stake in Carlisle Companies by 51.1% in the first quarter. Tidal Investments LLC now owns 2,790 shares of the conglomerate’s stock valued at $1,093,000 after acquiring an additional 944 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in shares of Carlisle Companies by 20.7% during the first quarter. iA Global Asset Management Inc. now owns 2,261 shares of the conglomerate’s stock worth $886,000 after purchasing an additional 387 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Carlisle Companies during the first quarter worth about $90,000. Finally, Swedbank AB purchased a new stake in shares of Carlisle Companies in the 1st quarter valued at about $31,218,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $457.59 on Friday. The stock has a fifty day moving average price of $448.75 and a 200 day moving average price of $424.97. Carlisle Companies Incorporated has a 1-year low of $272.15 and a 1-year high of $481.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The company has a market cap of $20.74 billion, a PE ratio of 16.19, a P/E/G ratio of 1.55 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last released its earnings results on Thursday, October 24th. The conglomerate reported $5.78 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 analyst estimates of $1.38 billion. During the same quarter last year, the business posted $4.68 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Insider Transactions at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CSL shares. Truist Financial started 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. Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Finally, Oppenheimer lifted their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Moderate Buy” and an average target price of $472.00.

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.