Carlisle Companies Incorporated (NYSE:CSL) Position Cut by Summit Trail Advisors LLC

Summit Trail Advisors LLC trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,223 shares of the conglomerate’s stock after selling 84 shares during the quarter. Summit Trail Advisors LLC’s holdings in Carlisle Companies were worth $1,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Carlisle Companies during the 3rd quarter worth $25,000. ORG Wealth Partners LLC bought a new stake in shares of Carlisle Companies during the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $32,000. ORG Partners LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $31,000. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in shares of Carlisle Companies during the 2nd quarter worth $39,000. 89.52% of the stock is owned by institutional investors.

Insider Activity

In other news, VP David W. Smith sold 275 shares of the company’s stock in a transaction that occurred 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 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 filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Carlisle Companies Trading Up 1.8 %

Carlisle Companies stock opened at $449.65 on Monday. Carlisle Companies Incorporated has a one year low of $272.15 and a one year high of $481.26. The company’s fifty day moving average price is $446.26 and its two-hundred day moving average price is $424.06. 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 capitalization of $20.38 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.45 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last announced its 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. Carlisle Companies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.68 earnings per share. On average, analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 0.89%. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Oppenheimer raised their price objective on Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird reduced their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com lowered Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Truist Financial initiated coverage on Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and a consensus 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.