Centiva Capital LP Sells 5,697 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Centiva Capital LP lessened its position in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 57.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,206 shares of the conglomerate's stock after selling 5,697 shares during the quarter. Centiva Capital LP's holdings in Carlisle Companies were worth $1,892,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CSL. Capital Performance Advisors LLP bought a new position in shares of Carlisle Companies during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Carlisle Companies during the 3rd quarter valued at about $32,000. True Wealth Design LLC boosted its position in shares of Carlisle Companies by 1,400.0% during the 3rd quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock valued at $34,000 after acquiring an additional 70 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $32,000. Finally, ORG Partners LLC acquired a new stake in shares of Carlisle Companies during the 2nd quarter valued at about $31,000. Institutional investors own 89.52% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of 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 initiated coverage on shares of Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price target on the stock. StockNews.com lowered shares of Carlisle Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and an average price target of $472.00.

Carlisle Companies Price Performance

Shares of CSL stock traded down $5.98 during trading hours on Wednesday, reaching $438.45. 306,166 shares of the company were exchanged, compared to its average volume of 325,342. 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 company has a market cap of $19.87 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 1.49 and a beta of 0.92. The stock's fifty day moving average is $449.88 and its two-hundred day moving average is $426.01. Carlisle Companies Incorporated has a fifty-two week low of $286.60 and a fifty-two week high of $481.26.

Carlisle Companies (NYSE:CSL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The conglomerate reported $5.78 earnings per share 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $4.68 earnings per share. The company's quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Carlisle Companies Incorporated will post 20.25 earnings per share for the current fiscal year.

Carlisle Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, November 15th. Carlisle Companies's dividend payout ratio is 14.15%.

Insider Transactions at Carlisle Companies

In related news, VP David W. Smith sold 275 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $443.41, for a total transaction of $121,937.75. Following the completion of the transaction, the vice president now owns 2,834 shares in the company, valued at approximately $1,256,623.94. This represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

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.