Pathstone Holdings LLC Sells 159 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Pathstone Holdings LLC reduced its position in shares of Carlisle Companies Incorporated (NYSE:CSL) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 6,270 shares of the conglomerate’s stock after selling 159 shares during the quarter. Pathstone Holdings LLC’s holdings in Carlisle Companies were worth $2,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in Carlisle Companies by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,381 shares of the conglomerate’s stock valued at $17,391,000 after purchasing an additional 1,429 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Carlisle Companies in the first quarter worth about $1,326,000. California State Teachers Retirement System increased its stake in Carlisle Companies by 0.3% during the first quarter. California State Teachers Retirement System now owns 82,417 shares of the conglomerate’s stock worth $32,295,000 after acquiring an additional 239 shares during the last quarter. Tidal Investments LLC raised its position in Carlisle Companies by 51.1% during the first quarter. Tidal Investments LLC now owns 2,790 shares of the conglomerate’s stock valued at $1,093,000 after purchasing an additional 944 shares during the period. Finally, iA Global Asset Management Inc. lifted its stake in shares of Carlisle Companies by 20.7% in the 1st quarter. iA Global Asset Management Inc. now owns 2,261 shares of the conglomerate’s stock valued at $886,000 after purchasing an additional 387 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 4.5 %

CSL opened at $469.99 on Tuesday. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average is $447.29 and its two-hundred day moving average is $424.42. The company has a market capitalization of $21.30 billion, a P/E ratio of 16.63, a PEG ratio of 1.48 and a beta of 0.91. Carlisle Companies Incorporated has a 52 week low of $272.15 and a 52 week high of $481.26.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 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 firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $4.68 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $1.00 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.85%. Carlisle Companies’s payout ratio is presently 14.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CSL shares. Robert W. Baird cut their target price on Carlisle Companies from $506.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Truist Financial initiated coverage on shares of Carlisle Companies in a research note on Thursday, November 14th. They set a “hold” rating and a $460.00 price target for the company. Oppenheimer upped their target price on Carlisle Companies from $480.00 to $505.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $472.00.

Insider Activity at Carlisle Companies

In other Carlisle Companies news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $443.41, for a total transaction of $121,937.75. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at approximately $1,256,623.94. This trade represents a 8.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.