Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Montecito Bank & Trust

Montecito Bank & Trust trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,515 shares of the conglomerate’s stock after selling 52 shares during the period. Montecito Bank & Trust’s holdings in Carlisle Companies were worth $2,034,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CSL. Capital Performance Advisors LLP purchased a new position in Carlisle Companies in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC bought a new position in Carlisle Companies during the 3rd quarter valued at $32,000. True Wealth Design LLC grew its holdings in 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 acquiring an additional 70 shares in the last quarter. UMB Bank n.a. increased its position in shares of Carlisle Companies by 317.2% in the 3rd quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 92 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Carlisle Companies by 75.0% in the 3rd 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. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.8 %

Carlisle Companies stock opened at $405.68 on Friday. Carlisle Companies Incorporated has a one year low of $302.08 and a one year high of $481.26. The company’s fifty day moving average price is $407.55 and its two-hundred day moving average price is $420.33. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.21 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.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share for the quarter, missing analysts’ consensus estimates of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business posted $4.68 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, November 15th. Carlisle Companies’s payout ratio is 14.15%.

Analysts Set New Price Targets

CSL has been the topic of a number of research analyst reports. Loop Capital reduced their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Robert W. Baird dropped their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group reduced their price objective on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Oppenheimer reiterated an “outperform” rating and set a $495.00 price objective (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Truist Financial began coverage on Carlisle Companies in a report on Thursday, November 14th. They set a “hold” rating and a $460.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Insider Buying and Selling

In other news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total value of $121,937.75. Following the sale, 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 SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

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.