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

Crestwood Advisors Group LLC lowered its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,454 shares of the conglomerate’s stock after selling 253 shares during the period. Crestwood Advisors Group LLC’s holdings in Carlisle Companies were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CSL. Private Advisor Group LLC raised its position in Carlisle Companies by 24.1% during the third quarter. Private Advisor Group LLC now owns 823 shares of the conglomerate’s stock worth $370,000 after acquiring an additional 160 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Carlisle Companies by 7.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,625 shares of the conglomerate’s stock worth $4,779,000 after acquiring an additional 727 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Carlisle Companies by 4.5% during the third quarter. J.W. Cole Advisors Inc. now owns 935 shares of the conglomerate’s stock worth $421,000 after acquiring an additional 40 shares during the last quarter. Inscription Capital LLC acquired a new position in Carlisle Companies during the third quarter worth about $219,000. Finally, Pallas Capital Advisors LLC acquired a new position in Carlisle Companies during the third quarter worth about $216,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $339.26 on Wednesday. Carlisle Companies Incorporated has a one year low of $332.04 and a one year high of $481.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The company has a 50 day moving average price of $372.77 and a 200 day moving average price of $412.61. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same quarter last year, the business earned $4.17 earnings per share. Sell-side analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

Insider Buying and Selling

In other Carlisle Companies news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total transaction of $52,579.50. Following the completion of the sale, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the sale, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CSL has been the subject of a number of analyst reports. Loop Capital cut their price objective on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, January 10th. The Goldman Sachs Group cut their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer reissued an “outperform” rating and issued a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies 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.