Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,419 shares of the conglomerate’s stock after selling 786 shares during the quarter. Ethic Inc.’s holdings in Carlisle Companies were worth $1,630,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Diversify Advisory Services LLC increased its holdings in Carlisle Companies by 1.7% during the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate’s stock valued at $586,000 after acquiring an additional 26 shares in the last quarter. GeoWealth Management LLC grew its position in shares of Carlisle Companies by 25.0% in the fourth quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Carlisle Companies by 2.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,436 shares of the conglomerate’s stock worth $535,000 after purchasing an additional 38 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Carlisle Companies by 6.4% during the 4th quarter. Metis Global Partners LLC now owns 646 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 39 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Carlisle Companies by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate’s stock worth $1,527,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Carlisle Companies Price Performance

Shares of NYSE:CSL opened at $401.17 on Tuesday. The company has a market cap of $17.35 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.03 and a beta of 1.07. The business has a fifty day simple moving average of $352.40 and a 200-day simple moving average of $381.16. Carlisle Companies Incorporated has a 52 week low of $311.41 and a 52 week high of $481.26. The company has a quick ratio of 2.29, a current ratio of 2.89 and a debt-to-equity ratio of 0.77.

Carlisle Companies (NYSE:CSL) last posted 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 during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.72 EPS. Equities research analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. Carlisle Companies’s payout ratio is 14.89%.

Wall Street Analyst Weigh In

CSL has been the topic of a number of analyst reports. Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. StockNews.com raised shares of Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Zelman & Associates raised shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. Finally, Robert W. Baird lifted their price target on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $454.00.

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.