Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,892 shares of the conglomerate’s stock after selling 257 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Carlisle Companies were worth $1,750,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CSL. Blair William & Co. IL acquired a new position in Carlisle Companies during the first quarter worth approximately $204,000. TIAA Trust National Association acquired a new position in shares of Carlisle Companies in the first quarter valued at approximately $209,000. O Shaughnessy Asset Management LLC increased its stake in shares of Carlisle Companies by 6.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,884 shares of the conglomerate’s stock worth $2,697,000 after acquiring an additional 402 shares during the period. UniSuper Management Pty Ltd increased its holdings in shares of Carlisle Companies by 75.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 700 shares of the conglomerate’s stock valued at $274,000 after purchasing an additional 300 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Carlisle Companies by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 68,008 shares of the conglomerate’s stock valued at $26,631,000 after buying an additional 4,692 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Down 1.2 %

NYSE CSL opened at $445.34 on Monday. The company’s fifty day simple moving average is $442.46 and its 200-day simple moving average is $422.76. The stock has a market cap of $20.19 billion, a P/E ratio of 15.76, a PEG ratio of 1.46 and a beta of 0.91. Carlisle Companies Incorporated has a 52 week low of $269.58 and a 52 week high of $481.26. The company has a current ratio of 2.72, a quick ratio of 2.29 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.68 EPS. Equities research analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, November 15th. Carlisle Companies’s payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com cut Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Truist Financial began coverage on Carlisle Companies in a report on Thursday. They set a “hold” rating and a $460.00 target price for the company. Oppenheimer increased their price objective on shares of Carlisle Companies from $480.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lowered their price target on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. 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 stock presently has an average rating of “Moderate Buy” and a consensus target price 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.