Burney Co. Sells 258 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Burney Co. decreased its position in Carlisle Companies Incorporated (NYSE:CSL) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,844 shares of the conglomerate’s stock after selling 258 shares during the quarter. Burney Co.’s holdings in Carlisle Companies were worth $6,213,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Carlisle Companies in the 3rd quarter valued at approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $32,000. True Wealth Design LLC raised its holdings in shares of Carlisle Companies by 1,400.0% in the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 70 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Carlisle Companies by 317.2% in the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate’s stock worth $54,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Carlisle Companies by 75.0% in the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP David W. Smith sold 275 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total value of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

CSL has been the topic of several recent research reports. Truist Financial began coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They issued a “hold” rating and a $460.00 price target on the stock. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. 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 report on Friday, October 25th. The Goldman Sachs Group decreased their price target on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Oppenheimer reaffirmed 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $476.00.

Carlisle Companies Stock Up 1.9 %

Shares of CSL stock opened at $388.95 on Wednesday. Carlisle Companies Incorporated has a 52-week low of $297.25 and a 52-week high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.38 and a beta of 0.92. The firm’s 50-day moving average is $415.87 and its 200-day moving average is $420.97.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned $4.68 EPS. Carlisle Companies’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts predict that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were issued a $1.00 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 1.03%. Carlisle Companies’s dividend payout ratio is currently 14.15%.

Carlisle Companies 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.