Carlisle Companies Incorporated (NYSE:CSL) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 54.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,239 shares of the conglomerate’s stock after purchasing an additional 1,142 shares during the quarter. Sanctuary Advisors LLC’s holdings in Carlisle Companies were worth $1,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James & Associates increased its holdings in shares of Carlisle Companies by 15.2% during the second quarter. Raymond James & Associates now owns 24,868 shares of the conglomerate’s stock valued at $10,077,000 after acquiring an additional 3,272 shares in the last quarter. Fifth Third Bancorp increased its stake in Carlisle Companies by 23.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,549 shares of the conglomerate’s stock valued at $628,000 after purchasing an additional 293 shares in the last quarter. &PARTNERS purchased a new position in shares of Carlisle Companies in the second quarter worth $697,000. EFG Asset Management North America Corp. lifted its stake in shares of Carlisle Companies by 32.6% during the second quarter. EFG Asset Management North America Corp. now owns 6,680 shares of the conglomerate’s stock worth $2,707,000 after buying an additional 1,643 shares during the period. Finally, TFG Advisers LLC grew its holdings in shares of Carlisle Companies by 7.7% during the second quarter. TFG Advisers LLC now owns 1,277 shares of the conglomerate’s stock valued at $517,000 after buying an additional 91 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSL. Truist Financial assumed coverage on Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 target price for the company. StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Oppenheimer reiterated an “outperform” rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday. Finally, Robert W. Baird decreased their price objective on shares of Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $470.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $378.27 on Friday. The stock has a market cap of $17.15 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. Carlisle Companies Incorporated has a 52-week low of $297.25 and a 52-week high of $481.26. The business has a 50-day simple moving average of $441.84 and a 200-day simple moving average of $425.68. 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 released 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). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.68 EPS. On average, equities analysts expect that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 dividend on an annualized basis and a yield of 1.06%. Carlisle Companies’s payout ratio is 14.15%.

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.