Procyon Advisors LLC Has $757,000 Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Procyon Advisors LLC trimmed its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,052 shares of the conglomerate's stock after selling 885 shares during the period. Procyon Advisors LLC's holdings in Carlisle Companies were worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in Carlisle Companies by 29.6% in the third quarter. FMR LLC now owns 955,289 shares of the conglomerate's stock worth $429,641,000 after purchasing an additional 218,002 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Carlisle Companies by 6,405.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,559 shares of the conglomerate's stock worth $80,757,000 after buying an additional 176,799 shares during the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Carlisle Companies in the 2nd quarter worth approximately $65,041,000. Holocene Advisors LP increased its holdings in shares of Carlisle Companies by 151.3% in the 3rd quarter. Holocene Advisors LP now owns 176,974 shares of the conglomerate's stock valued at $79,594,000 after acquiring an additional 106,539 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Carlisle Companies by 13.3% during the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate's stock valued at $391,827,000 after acquiring an additional 102,436 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Carlisle Companies Price Performance

Carlisle Companies stock traded up $5.06 during mid-day trading on Friday, hitting $400.46. The company's stock had a trading volume of 363,755 shares, compared to its average volume of 318,465. Carlisle Companies Incorporated has a twelve month low of $302.08 and a twelve month high of $481.26. The stock's fifty day moving average price is $411.47 and its two-hundred day moving average price is $420.61. The stock has a market capitalization of $18.15 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.09 and a beta of 0.96. The company has a quick ratio of 2.29, a current ratio of 2.72 and a debt-to-equity ratio of 0.68.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.82 by ($0.04). Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $4.68 earnings per share. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts forecast that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Friday, November 15th. Carlisle Companies's dividend payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

CSL has been the subject of several recent research reports. Loop Capital lowered their target price on shares of Carlisle Companies from $475.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, January 10th. 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 target price on the stock. The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Oppenheimer reiterated an "outperform" rating and issued a $495.00 price objective (down from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, Robert W. Baird decreased their target price on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Carlisle Companies presently has a consensus rating of "Moderate Buy" and an average target price of $476.00.

Insiders Place Their Bets

In other 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 value of $121,937.75. Following the completion of the sale, the vice president now owns 2,834 shares in the company, valued at $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company's stock.

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.