Fifth Third Wealth Advisors LLC Sells 73 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Fifth Third Wealth Advisors LLC lessened its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,085 shares of the conglomerate’s stock after selling 73 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Carlisle Companies were worth $769,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CSL. FMR LLC increased its stake in Carlisle Companies by 29.6% in the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after buying an additional 218,002 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Carlisle Companies by 6,405.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate’s stock worth $80,757,000 after acquiring an additional 176,799 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Carlisle Companies during the second quarter worth approximately $65,041,000. Holocene Advisors LP raised its stake in shares of Carlisle Companies by 151.3% during the third quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate’s stock valued at $79,594,000 after acquiring an additional 106,539 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Carlisle Companies by 13.3% in the third quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares during the period. Institutional investors own 89.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlisle Companies Price Performance

Shares of CSL stock opened at $394.99 on Friday. The stock’s 50-day moving average is $413.56 and its 200 day moving average is $420.58. Carlisle Companies Incorporated has a 1-year low of $299.98 and a 1-year high of $481.26. 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 company has a market cap of $17.91 billion, a P/E ratio of 13.98, a PEG ratio of 1.09 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results 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). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.68 earnings per share. Research 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 declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, November 15th. Carlisle Companies’s payout ratio is presently 14.15%.

Insider Activity

In other news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

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.