Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Carlisle Companies Incorporated (NYSE:CSL - Free Report) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,100,933 shares of the conglomerate's stock after selling 48,889 shares during the period. JPMorgan Chase & Co. owned approximately 2.43% of Carlisle Companies worth $495,145,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CSL. Capital Performance Advisors LLP acquired a new stake in shares of Carlisle Companies in the third quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new stake in Carlisle Companies in the third quarter valued at approximately $32,000. True Wealth Design LLC grew its position in Carlisle Companies by 1,400.0% in the third 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. UMB Bank n.a. raised its stake in shares of Carlisle Companies by 317.2% during the third quarter. UMB Bank n.a. now owns 121 shares of the conglomerate's stock valued at $54,000 after purchasing an additional 92 shares during the period. Finally, Quarry LP lifted its position in shares of Carlisle Companies by 75.0% during the third quarter. Quarry LP now owns 133 shares of the conglomerate's stock worth $60,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CSL. Robert W. Baird lowered their price target on shares of Carlisle Companies from $506.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Truist Financial began coverage on Carlisle Companies in a research report on Thursday, November 14th. They set a "hold" rating and a $460.00 target price on the stock. Finally, Oppenheimer reissued an "outperform" rating and issued a $495.00 price target (down previously from $505.00) on shares of Carlisle Companies in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Carlisle Companies currently has an average rating of "Moderate Buy" and a consensus price target of $470.00.

Carlisle Companies Stock Down 1.6 %

Shares of Carlisle Companies stock traded down $6.22 during trading on Friday, reaching $371.99. The company had a trading volume of 139,504 shares, compared to its average volume of 328,124. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.29 and a current ratio of 2.72. Carlisle Companies Incorporated has a fifty-two week low of $297.25 and a fifty-two week high of $481.26. The firm's fifty day moving average is $430.43 and its 200-day moving average is $424.52. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

Carlisle Companies (NYSE:CSL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The conglomerate reported $5.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.82 by ($0.04). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Carlisle Companies had a net margin of 27.05% and a return on equity of 33.29%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.68 EPS. On average, analysts anticipate that Carlisle Companies Incorporated will post 20.25 EPS for the current year.

Carlisle Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, November 15th. Carlisle Companies's dividend payout ratio is presently 14.15%.

Insider Buying and Selling at Carlisle Companies

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

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.