Crewe Advisors LLC Sells 105 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Crewe Advisors LLC trimmed its position in Carlisle Companies Incorporated (NYSE:CSL) by 35.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 188 shares of the conglomerate’s stock after selling 105 shares during the quarter. Crewe Advisors LLC’s holdings in Carlisle Companies were worth $69,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CSL. Marshall Wace LLP bought a new stake in shares of Carlisle Companies in the second quarter worth about $254,000. Sanctuary Advisors LLC bought a new stake in shares of Carlisle Companies in the second quarter worth about $840,000. Strategic Wealth Partners Ltd. purchased a new position in Carlisle Companies in the third quarter worth about $428,000. CWM LLC grew its position in Carlisle Companies by 41.4% in the third quarter. CWM LLC now owns 3,508 shares of the conglomerate’s stock worth $1,578,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Wedmont Private Capital purchased a new position in Carlisle Companies in the third quarter worth about $204,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Up 2.0 %

Shares of NYSE:CSL opened at $349.66 on Friday. Carlisle Companies Incorporated has a 1 year low of $333.50 and a 1 year high of $481.26. The business has a 50 day simple moving average of $394.15 and a two-hundred day simple moving average of $417.50. The firm has a market capitalization of $15.85 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29.

Carlisle Companies (NYSE:CSL) last announced its earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same quarter last year, the firm earned $4.17 earnings per share. On average, equities analysts predict that Carlisle Companies Incorporated will post 20.23 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio is presently 14.15%.

Insider Activity

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction 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 approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Loop Capital dropped their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Truist Financial initiated coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $476.00.

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.