Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 9.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,975 shares of the conglomerate’s stock after selling 763 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Carlisle Companies were worth $3,137,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies in the third quarter valued at $25,000. ORG Partners LLC purchased a new position in shares of Carlisle Companies in the second quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Carlisle Companies in the second quarter valued at $32,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the third quarter valued at $32,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Carlisle Companies in the second quarter valued at $39,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the business’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 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. The trade was a 8.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Carlisle Companies Stock Down 0.8 %

CSL opened at $457.59 on Friday. 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 stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91. The business has a 50-day moving average of $448.75 and a two-hundred day moving average of $424.97. Carlisle Companies Incorporated has a 12 month low of $272.15 and a 12 month high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.68 EPS. On average, research analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird dropped their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer raised their price target on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Truist Financial started coverage on Carlisle Companies in a research report on Thursday, November 14th. They set 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.