Carlisle Companies Incorporated (NYSE:CSL) Position Reduced by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC trimmed its stake in shares of Carlisle Companies Incorporated (NYSE:CSL) by 14.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,454 shares of the conglomerate’s stock after selling 253 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Carlisle Companies were worth $536,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Carlisle Companies during the 3rd quarter valued at $25,000. True Wealth Design LLC raised its holdings in shares of Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 70 shares during the period. Quarry LP raised its holdings in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate’s stock worth $60,000 after purchasing an additional 57 shares during the period. UMB Bank n.a. raised its holdings in shares of Carlisle Companies by 55.4% during the fourth quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after purchasing an additional 67 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 32 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Insider Activity at Carlisle Companies

In related news, VP Mehul Patel sold 150 shares of the stock in a transaction dated Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now owns 815 shares in the company, valued at $285,681.95. This represents a 15.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Carlisle Companies Stock Up 2.1 %

CSL stock opened at $339.26 on Wednesday. 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 Incorporated has a fifty-two week low of $332.04 and a fifty-two week high of $481.26. The firm’s 50-day simple moving average is $372.77 and its 200 day simple moving average is $412.61. The stock has a market cap of $15.12 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.04. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. During the same period in the previous year, the firm posted $4.17 EPS. As a group, sell-side analysts predict 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, March 3rd. Investors of record on Tuesday, February 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $4.00 dividend on an annualized basis and a yield of 1.18%. Carlisle Companies’s dividend payout ratio is presently 14.48%.

Analyst Ratings Changes

A number of analysts have weighed in on CSL shares. Oppenheimer reissued an “outperform” rating and set a $495.00 target price (down from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Loop Capital dropped their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, January 10th. The Goldman Sachs Group dropped their target price on shares of Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial started coverage on shares of Carlisle Companies in a report on Thursday, November 14th. They issued a “hold” rating and a $460.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $476.00.

Carlisle Companies Company 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.