Alhambra Investment Management LLC Sells 70 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Alhambra Investment Management LLC trimmed its stake in Carlisle Companies Incorporated (NYSE:CSL) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,848 shares of the conglomerate’s stock after selling 70 shares during the period. Alhambra Investment Management LLC’s holdings in Carlisle Companies were worth $682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Carlisle Companies by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after purchasing an additional 16,303 shares during the last quarter. FMR LLC raised its holdings in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock valued at $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Carlisle Companies by 13.3% during the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Carlisle Companies by 14.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 338,343 shares of the conglomerate’s stock worth $152,170,000 after purchasing an additional 41,766 shares during the period. Finally, Truist Financial Corp increased its holdings in Carlisle Companies by 0.8% in the 2nd quarter. Truist Financial Corp now owns 334,241 shares of the conglomerate’s stock valued at $135,438,000 after buying an additional 2,545 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction 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 transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Up 1.3 %

Shares of CSL opened at $400.46 on Friday. Carlisle Companies Incorporated has a one year low of $302.08 and a one year high of $481.26. The firm has a 50 day simple moving average of $411.47 and a two-hundred day simple moving average of $420.42. 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 $18.15 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.68 EPS. Research analysts forecast that Carlisle Companies Incorporated will post 20.23 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 15th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s dividend payout ratio (DPR) is 14.15%.

Analysts Set New Price Targets

A number of research firms have weighed in on CSL. Oppenheimer reaffirmed an “outperform” rating and set a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital lowered their target price 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. Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Robert W. Baird dropped their price objective on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, The Goldman Sachs Group reduced their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies presently has a consensus rating of “Moderate Buy” and an average price target 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.