Johnson Investment Counsel Inc. Trims Holdings in Carlisle Companies Incorporated (NYSE:CSL)

Johnson Investment Counsel Inc. cut its stake in shares of Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,015 shares of the conglomerate's stock after selling 2,133 shares during the period. Johnson Investment Counsel Inc. owned 0.31% of Carlisle Companies worth $51,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CSL. Diversify Advisory Services LLC increased its position in shares of Carlisle Companies by 1.7% during the 4th quarter. Diversify Advisory Services LLC now owns 1,587 shares of the conglomerate's stock valued at $586,000 after purchasing an additional 26 shares during the last quarter. Metis Global Partners LLC boosted its stake in Carlisle Companies by 5.2% during the third quarter. Metis Global Partners LLC now owns 607 shares of the conglomerate's stock worth $273,000 after buying an additional 30 shares during the period. Covestor Ltd increased its position in Carlisle Companies by 19.3% during the third quarter. Covestor Ltd now owns 198 shares of the conglomerate's stock valued at $89,000 after acquiring an additional 32 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Carlisle Companies by 3.0% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the conglomerate's stock valued at $489,000 after acquiring an additional 38 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Carlisle Companies by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,141 shares of the conglomerate's stock valued at $1,527,000 after acquiring an additional 43 shares during the period. 89.52% of the stock is owned by institutional investors.

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Insider Activity

In other news, VP Mehul Patel sold 150 shares of Carlisle Companies stock in a transaction on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. This trade represents a 15.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan R. Collins sold 1,050 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.24, for a total value of $366,702.00. Following the sale, the director now owns 2,665 shares of the company's stock, valued at $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

CSL has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Carlisle Companies from $520.00 to $465.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Loop Capital cut their target price on Carlisle Companies from $475.00 to $460.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Oppenheimer reissued an "outperform" rating and set a $495.00 price target (down from $505.00) on shares of Carlisle Companies in a research note on Friday, December 20th. Finally, Truist Financial assumed coverage on Carlisle Companies in a research report on Thursday, November 14th. They issued a "hold" rating and a $460.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus target price of $476.00.

Carlisle Companies Trading Down 0.9 %

Shares of NYSE:CSL traded down $2.94 during trading on Thursday, reaching $326.61. 485,603 shares of the company were exchanged, compared to its average volume of 428,388. The business's fifty day simple moving average is $363.79 and its 200-day simple moving average is $407.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.89 and a quick ratio of 2.29. Carlisle Companies Incorporated has a 12-month low of $321.93 and a 12-month high of $481.26. The firm has a market capitalization of $14.55 billion, a PE ratio of 11.82, a P/E/G ratio of 1.03 and a beta of 0.99.

Carlisle Companies (NYSE:CSL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter in the prior year, the company posted $4.17 EPS. On average, research analysts anticipate that Carlisle Companies Incorporated will post 22.31 EPS for the current year.

Carlisle Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Carlisle Companies's dividend payout ratio (DPR) is 14.48%.

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.