Dixon Mitchell Investment Counsel Inc. Lowers Stock Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Dixon Mitchell Investment Counsel Inc. cut its position in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,109 shares of the conglomerate's stock after selling 10,956 shares during the period. Dixon Mitchell Investment Counsel Inc. owned 0.13% of Carlisle Companies worth $22,171,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Carlisle Companies in the third quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new stake in Carlisle Companies in the 3rd quarter worth $32,000. True Wealth Design LLC raised its position in Carlisle Companies by 1,400.0% during the third quarter. True Wealth Design LLC now owns 75 shares of the conglomerate's stock worth $34,000 after acquiring an additional 70 shares during the period. UMB Bank n.a. raised its position in Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock worth $54,000 after acquiring an additional 92 shares during the period. Finally, Quarry LP lifted its holdings in Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock valued at $60,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CSL shares. Robert W. Baird cut 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 note on Friday, October 25th. Truist Financial initiated coverage on Carlisle Companies in a research note on Thursday, November 14th. They set a "hold" rating and a $460.00 price objective for the company. Oppenheimer restated an "outperform" rating and issued a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Loop Capital decreased their price objective on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $476.00.

Insider Activity

In other news, VP David W. Smith sold 275 shares of the company's 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 transaction, the vice president now owns 2,834 shares of the company's stock, valued at $1,256,623.94. This represents a 8.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company's stock.

Carlisle Companies Price Performance

Shares of CSL stock traded up $6.89 during trading hours on Thursday, reaching $394.99. The company had a trading volume of 320,403 shares, compared to its average volume of 297,180. Carlisle Companies Incorporated has a 12-month low of $299.98 and a 12-month high of $481.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. The company has a market capitalization of $17.91 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.09 and a beta of 0.96. The stock has a fifty day moving average of $413.56 and a 200-day moving average of $420.58.

Carlisle Companies (NYSE:CSL - Get Free Report) last issued 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). The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a return on equity of 33.29% and a net margin of 27.05%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $4.68 earnings per share. On average, equities analysts anticipate that Carlisle Companies Incorporated will post 20.23 earnings per share for the current year.

Carlisle Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $4.00 annualized dividend and a yield of 1.01%. Carlisle Companies's payout ratio is 14.15%.

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.