Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,395 shares of the conglomerate’s stock after selling 1,210 shares during the period. Cerity Partners LLC’s holdings in Carlisle Companies were worth $1,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CSL. TD Private Client Wealth LLC boosted its stake in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 57 shares in the last quarter. CX Institutional purchased a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $49,000. GeoWealth Management LLC boosted its stake in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after acquiring an additional 29 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Carlisle Companies during the 1st quarter worth approximately $55,000. Finally, Allworth Financial LP boosted its stake in shares of Carlisle Companies by 32.8% during the 1st quarter. Allworth Financial LP now owns 170 shares of the conglomerate’s stock worth $58,000 after acquiring an additional 42 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $405.20 on Tuesday. The firm has a market cap of $17.52 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The firm’s 50-day simple moving average is $386.54 and its 200-day simple moving average is $368.54. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. Carlisle Companies Incorporated has a 1 year low of $311.41 and a 1 year high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating the consensus estimate of $3.53 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. Carlisle Companies’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $3.72 earnings per share. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.00 annualized dividend and a dividend yield of 0.99%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CSL shares. Zelman & Associates upgraded Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Truist Financial decreased their price target on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a research report on Tuesday, June 24th. They set an “overweight” rating and a $500.00 price target for the company. Wall Street Zen raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Finally, Robert W. Baird upped their price objective on shares of Carlisle Companies from $455.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies presently has an average rating of “Moderate Buy” and an average target price of $461.67.

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.