Blue Trust Inc. Reduces Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Blue Trust Inc. lessened its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 53.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 333 shares of the conglomerate’s stock after selling 389 shares during the period. Blue Trust Inc.’s holdings in Carlisle Companies were worth $123,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Carlisle Companies during the 3rd quarter worth approximately $25,000. True Wealth Design LLC grew its holdings in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after buying an additional 70 shares during the last quarter. Quarry LP grew its stake in Carlisle Companies by 75.0% during the 3rd quarter. Quarry LP now owns 133 shares of the conglomerate’s stock valued at $60,000 after purchasing an additional 57 shares during the last quarter. UMB Bank n.a. grew its stake in Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock valued at $69,000 after purchasing an additional 67 shares during the last quarter. Finally, Covestor Ltd grew its stake in Carlisle Companies by 19.3% during the 3rd quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Insider Buying and Selling

In other news, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total transaction of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at $285,681.95. The trade was a 15.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.24, for a total value of $366,702.00. Following the completion of the sale, the director now owns 2,665 shares of the company’s stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Carlisle Companies Stock Performance

CSL opened at $334.48 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.05 and a beta of 0.96. Carlisle Companies Incorporated has a 52-week low of $332.34 and a 52-week high of $481.26. The firm’s fifty day simple moving average is $375.76 and its two-hundred day simple moving average is $412.86.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period last year, the firm posted $4.17 EPS. Equities analysts anticipate that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared 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. This represents a $4.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, February 18th. Carlisle Companies’s payout ratio is 14.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSL shares. 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. Truist Financial initiated coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. The Goldman Sachs Group lowered their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Loop Capital lowered their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Finally, Oppenheimer reiterated an “outperform” rating and set a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $476.00.

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.