abrdn plc Has $37.52 Million Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

abrdn plc lessened its position in Carlisle Companies Incorporated (NYSE:CSL) by 27.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,773 shares of the conglomerate’s stock after selling 38,772 shares during the quarter. abrdn plc owned approximately 0.22% of Carlisle Companies worth $37,521,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CSL. Capital Performance Advisors LLP bought a new position in Carlisle Companies in the third quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies in the third quarter valued at approximately $32,000. True Wealth Design LLC grew its stake in Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock valued at $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP grew its stake in Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE CSL opened at $342.29 on Thursday. The stock has a market capitalization of $15.52 billion, a PE ratio of 12.11, a P/E/G ratio of 1.15 and a beta of 0.96. 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 business has a fifty day moving average price of $396.31 and a two-hundred day moving average price of $417.97. Carlisle Companies Incorporated has a fifty-two week low of $313.56 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. During the same period in the previous year, the firm posted $4.17 earnings per share. As a group, equities analysts predict that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 annualized dividend and a dividend yield of 1.17%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Insider Buying and Selling

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CSL shares. 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. 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 research note on Friday, October 25th. The Goldman Sachs Group reduced their target price 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. Loop Capital reduced 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. Finally, Oppenheimer restated an “outperform” rating and issued a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $476.00.

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.