The Manufacturers Life Insurance Company Trims Stake in Carlisle Companies Incorporated (NYSE:CSL)

The Manufacturers Life Insurance Company lessened its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 7.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,869 shares of the conglomerate’s stock after selling 2,305 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Carlisle Companies worth $13,434,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its holdings in shares of Carlisle Companies by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 739 shares of the conglomerate’s stock valued at $332,000 after acquiring an additional 24 shares in the last quarter. Tributary Capital Management LLC lifted its position in Carlisle Companies by 1.1% during the third quarter. Tributary Capital Management LLC now owns 2,275 shares of the conglomerate’s stock valued at $1,023,000 after purchasing an additional 24 shares during the last quarter. Diversify Advisory Services LLC lifted its position in Carlisle Companies by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 1,561 shares of the conglomerate’s stock valued at $719,000 after purchasing an additional 25 shares during the last quarter. Equitable Trust Co. increased its holdings in shares of Carlisle Companies by 0.3% in the 3rd quarter. Equitable Trust Co. now owns 8,614 shares of the conglomerate’s stock worth $3,874,000 after buying an additional 25 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in Carlisle Companies by 5.2% in the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate’s stock worth $273,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the transaction, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Carlisle Companies Stock Down 0.2 %

Shares of NYSE CSL opened at $456.70 on Monday. The firm’s fifty day moving average is $449.55 and its 200 day moving average is $425.54. Carlisle Companies Incorporated has a 52 week low of $272.20 and a 52 week high of $481.26. 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 company has a market cap of $20.70 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.50 and a beta of 0.91.

Carlisle Companies (NYSE:CSL) last issued its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 EPS for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $4.68 earnings per share. On average, equities research analysts expect that Carlisle Companies Incorporated will post 20.25 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.00 annualized dividend and a dividend yield of 0.88%. Carlisle Companies’s dividend payout ratio (DPR) is presently 14.15%.

Analysts Set New Price Targets

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

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.