Golden State Equity Partners Trims Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Golden State Equity Partners lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 29.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 663 shares of the conglomerate’s stock after selling 281 shares during the period. Golden State Equity Partners’ holdings in Carlisle Companies were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Carlisle Companies during the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies during the 3rd quarter valued at about $32,000. True Wealth Design LLC raised its stake in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Carlisle Companies by 317.2% during the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after buying an additional 92 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Down 2.0 %

NYSE:CSL opened at $381.62 on Tuesday. Carlisle Companies Incorporated has a 52 week low of $313.56 and a 52 week high of $481.26. 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 stock’s fifty day moving average is $400.32 and its two-hundred day moving average is $418.80. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.96.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Analyst Ratings Changes

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

Insider Activity at Carlisle Companies

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction dated 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 trade represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

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.