Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by Zacks Investment Management

Zacks Investment Management cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 23.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,180 shares of the conglomerate's stock after selling 1,842 shares during the quarter. Zacks Investment Management's holdings in Carlisle Companies were worth $2,780,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CSL. Capital Performance Advisors LLP purchased a new position in Carlisle Companies during the third quarter worth approximately $25,000. ORG Partners LLC acquired a new stake in Carlisle Companies during the second quarter worth about $31,000. ORG Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter worth about $32,000. True Wealth Design LLC lifted its stake in shares of Carlisle Companies by 1,400.0% in the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 70 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Carlisle Companies during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Insider Buying and Selling at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the firm's stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird reduced their price target 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. StockNews.com downgraded Carlisle Companies from a "buy" rating to a "hold" rating in a report on Tuesday, August 27th. Oppenheimer upped their target price on Carlisle Companies from $480.00 to $505.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial assumed coverage on Carlisle Companies in a report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $472.00.

Carlisle Companies Stock Down 2.1 %

CSL traded down $9.18 on Monday, reaching $430.84. The company's stock had a trading volume of 305,349 shares, compared to its average volume of 324,647. Carlisle Companies Incorporated has a 1 year low of $291.23 and a 1 year high of $481.26. The business's 50 day moving average is $449.64 and its 200 day moving average is $426.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.72 and a quick ratio of 2.29. The stock has a market cap of $19.53 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued its quarterly 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). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.68 EPS. As a group, research analysts forecast that Carlisle Companies Incorporated will post 20.25 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 15th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio is currently 14.15%.

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.