abrdn plc Sells 788 Shares of Carlisle Companies Incorporated (NYSE:CSL)

abrdn plc lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,256 shares of the conglomerate’s stock after selling 788 shares during the quarter. abrdn plc owned approximately 0.25% of Carlisle Companies worth $37,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CSL. National Bank of Canada FI boosted its position in Carlisle Companies by 47.2% during the 3rd quarter. National Bank of Canada FI now owns 5,967 shares of the conglomerate’s stock valued at $1,495,000 after acquiring an additional 1,913 shares in the last quarter. AE Wealth Management LLC boosted its position in Carlisle Companies by 133.8% during the 3rd quarter. AE Wealth Management LLC now owns 4,096 shares of the conglomerate’s stock valued at $1,062,000 after acquiring an additional 2,344 shares in the last quarter. SG Americas Securities LLC boosted its position in Carlisle Companies by 14.9% during the 3rd quarter. SG Americas Securities LLC now owns 6,612 shares of the conglomerate’s stock valued at $1,714,000 after acquiring an additional 856 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in Carlisle Companies during the 3rd quarter valued at $200,000. Finally, DAVENPORT & Co LLC boosted its position in Carlisle Companies by 1.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 5,804 shares of the conglomerate’s stock valued at $1,505,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $370.62 on Tuesday. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.31 and a beta of 0.93. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.87 and a quick ratio of 2.57. The business has a fifty day moving average of $368.69 and a 200 day moving average of $317.51. Carlisle Companies Incorporated has a 1 year low of $205.10 and a 1 year high of $403.44.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. Carlisle Companies had a return on equity of 28.31% and a net margin of 15.07%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business posted $3.92 EPS. The company’s revenue was down 1.9% on a year-over-year basis. As a group, research analysts expect that Carlisle Companies Incorporated will post 18.72 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, February 15th. Carlisle Companies’s dividend payout ratio (DPR) is presently 22.31%.

Insider Activity

In other news, CEO D Christian Koch sold 6,454 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total transaction of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO D Christian Koch sold 6,454 shares of Carlisle Companies stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $347.53, for a total value of $2,242,958.62. Following the sale, the chief executive officer now directly owns 86,652 shares in the company, valued at approximately $30,114,169.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $959,422.36. The disclosure for this sale can be found here. Insiders have sold 15,255 shares of company stock worth $5,231,360 in the last ninety days. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Carlisle Companies in a research report on Wednesday, April 3rd. They set a “buy” rating and a $455.00 target price on the stock. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Loop Capital increased their price objective on Carlisle Companies from $375.00 to $440.00 and gave the company a “buy” rating in a report on Monday, April 1st. Robert W. Baird increased their price objective on Carlisle Companies from $400.00 to $435.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Oppenheimer increased their price objective on Carlisle Companies from $405.00 to $412.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $390.33.

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.