Inspire Investing LLC Sells 90 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Inspire Investing LLC lessened its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,700 shares of the conglomerate’s stock after selling 90 shares during the period. Inspire Investing LLC’s holdings in Carlisle Companies were worth $2,471,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Carlisle Companies during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Carlisle Companies during the 3rd quarter worth about $32,000. True Wealth Design LLC boosted 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 worth $34,000 after buying an additional 70 shares during the last quarter. UMB Bank n.a. boosted 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 worth $54,000 after buying an additional 92 shares during the last quarter. Finally, Quarry LP boosted 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 worth $60,000 after buying an additional 57 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP David W. Smith sold 275 shares of the firm’s 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 transaction, the vice president now directly owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

CSL has been the subject of a number of recent research reports. Loop Capital reduced 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 note on Friday, January 10th. The Goldman Sachs Group cut 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, January 14th. Truist Financial started coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Robert W. Baird cut their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $495.00 target price (down 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 data from MarketBeat, Carlisle Companies has an average rating of “Moderate Buy” and an average price target of $476.00.

Carlisle Companies Trading Down 1.4 %

Shares of CSL stock opened at $402.46 on Thursday. The firm has a 50 day moving average price of $408.45 and a two-hundred day moving average price of $420.43. 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 company has a market capitalization of $18.24 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96. Carlisle Companies Incorporated has a 12-month low of $302.08 and a 12-month high of $481.26.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $4.68 earnings per share. As a group, analysts predict that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 0.99%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

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.