Hancock Whitney Corp Sells 1,119 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Hancock Whitney Corp lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,597 shares of the conglomerate’s stock after selling 1,119 shares during the quarter. Hancock Whitney Corp’s holdings in Carlisle Companies were worth $3,417,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Loomis Sayles & Co. L P bought a new position in shares of Carlisle Companies during the 3rd quarter valued at approximately $935,000. Daiwa Securities Group Inc. lifted its stake in Carlisle Companies by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 19,355 shares of the conglomerate’s stock valued at $8,705,000 after purchasing an additional 1,200 shares during the last quarter. Crewe Advisors LLC grew its holdings in Carlisle Companies by 37.6% during the third quarter. Crewe Advisors LLC now owns 293 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 80 shares during the period. Larson Financial Group LLC increased its position in Carlisle Companies by 123.6% in the third quarter. Larson Financial Group LLC now owns 635 shares of the conglomerate’s stock worth $286,000 after buying an additional 351 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Carlisle Companies by 49.0% in the third quarter. Cerity Partners LLC now owns 6,951 shares of the conglomerate’s stock valued at $3,126,000 after buying an additional 2,285 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Carlisle Companies Stock Up 4.5 %

CSL stock opened at $469.99 on Tuesday. The stock has a 50-day simple moving average of $447.29 and a two-hundred day simple moving average of $424.42. Carlisle Companies Incorporated has a twelve month low of $272.15 and a twelve month high of $481.26. The firm has a market capitalization of $21.30 billion, a PE ratio of 16.63, a PEG ratio of 1.48 and a beta of 0.91. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm posted $4.68 EPS. Carlisle Companies’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies’s dividend payout ratio is 14.15%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Oppenheimer increased their target price 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. Truist Financial assumed coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $472.00.

Insider Buying and Selling

In other Carlisle Companies news, VP David W. Smith sold 275 shares of Carlisle Companies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

About Carlisle Companies

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.