Carlisle Companies Incorporated $CSL Shares Sold by Burney Co.

Burney Co. cut its stake in Carlisle Companies Incorporated (NYSE:CSL) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,447 shares of the conglomerate’s stock after selling 3,936 shares during the period. Burney Co.’s holdings in Carlisle Companies were worth $4,095,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of Carlisle Companies by 4.9% in the 3rd quarter. Blue Trust Inc. now owns 679 shares of the conglomerate’s stock valued at $223,000 after purchasing an additional 32 shares during the last quarter. CWM LLC boosted its holdings in Carlisle Companies by 2.1% in the third quarter. CWM LLC now owns 3,142 shares of the conglomerate’s stock valued at $1,034,000 after acquiring an additional 66 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Carlisle Companies by 1,737.2% in the third quarter. Pacer Advisors Inc. now owns 151,205 shares of the conglomerate’s stock valued at $49,740,000 after acquiring an additional 142,975 shares during the last quarter. Inspire Investing LLC grew its position in Carlisle Companies by 20.8% during the third quarter. Inspire Investing LLC now owns 5,627 shares of the conglomerate’s stock valued at $1,851,000 after acquiring an additional 968 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in Carlisle Companies by 3.8% during the third quarter. Vontobel Holding Ltd. now owns 1,133 shares of the conglomerate’s stock worth $373,000 after acquiring an additional 42 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CSL shares. JPMorgan Chase & Co. reduced their price objective on Carlisle Companies from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a report on Monday, December 22nd. Oppenheimer decreased their price objective on shares of Carlisle Companies from $440.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Zacks Research lowered shares of Carlisle Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 23rd. Finally, Vertical Research initiated coverage on shares of Carlisle Companies in a report on Monday, October 20th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carlisle Companies currently has a consensus rating of “Hold” and a consensus price target of $386.67.

Carlisle Companies Stock Performance

NYSE:CSL opened at $330.57 on Friday. The firm has a 50-day moving average of $323.30 and a two-hundred day moving average of $354.61. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 2.62. The stock has a market cap of $13.81 billion, a P/E ratio of 18.75, a PEG ratio of 1.15 and a beta of 0.96. Carlisle Companies Incorporated has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, October 29th. The conglomerate reported $5.61 EPS for the quarter, topping the consensus estimate of $5.47 by $0.14. Carlisle Companies had a return on equity of 40.26% and a net margin of 15.48%.The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $5.78 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 earnings per share for the current fiscal year.

Carlisle Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Carlisle Companies’s payout ratio is 24.96%.

About Carlisle Companies

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.